ST. PAUL, Minn.--(BUSINESS WIRE)--The Board of Directors of Patterson Companies, Inc. (NASDAQ:PDCO) today declared a 10 percent increase in the regular quarterly cash dividend to $0.22 per share, from the prior quarterly dividend of $0.20 per share. The dividend will be payable on, or about, April 24, 2015, to shareholders of record as of the close of business on April 10, 2015. This marks the fifth consecutive year of annual dividend increases since Patterson Companies initiated dividend payments in March 2010.
“We are pleased to announce our 21st consecutive quarterly cash dividend,” said Scott P. Anderson, chairman and chief executive officer. “The dividend increase this quarter demonstrates our confidence in Patterson's continued ability to generate growing cash returns on our business investments and growth opportunities. Patterson has a strong commitment to delivering long-term value to our shareholders.”
About Patterson Companies, Inc.
Patterson Companies, Inc. is
a value-added distributor serving the dental, companion-pet veterinarian
and rehabilitation supply markets.
Dental
Market
As Patterson’s largest business, Patterson Dental
provides a virtually complete range of consumable dental products,
equipment and software, turnkey digital solutions and value-added
services to dentists and dental laboratories throughout North America.
Veterinary
Market
Patterson Veterinary is a leading distributor in the
U.S. and U.K. of consumable veterinary supplies, equipment and software,
diagnostic products, vaccines and pharmaceuticals predominantly to
companion-pet veterinary clinics.
Rehabilitation
Market
Patterson Medical is the world’s leading distributor
of rehabilitation supplies and non-wheelchair assistive patient products
to the physical and occupational therapy markets. The unit’s global
customer base includes hospitals, long-term care facilities, clinics and
dealers.
