ST. PAUL, Minn.--(BUSINESS WIRE)--The Board of Directors of Patterson Companies, Inc. (Nasdaq:PDCO), today declared a 9 percent increase in the quarterly cash dividend to $0.24 per share. The dividend will be payable on, or about, April 29, 2016, to shareholders of record as of the close of business on April 15, 2016. This increase results in a new indicated annual cash dividend of $0.96 per share and represents Patterson’s sixth consecutive annual dividend rate increase.
“Our progress to date on multiple fronts – from acquisition integration, to our technology investments, to capitalizing on current market conditions and focusing on our customers – enhances our ability to drive shareholder value,” said Scott P. Anderson, chairman, president and chief executive officer. “Today’s dividend rate increase recognizes that progress and the board’s support of Patterson’s growth strategies.”
About Patterson Companies, Inc.
Patterson Companies,
Inc. is a value-added distributor serving the dental and animal health
markets.
Dental Market
Patterson's Dental
segment 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.
Animal Health Market
Patterson's Animal
Health segment is a leading distributor of products, services and
technologies to both the production and companion animal health markets
in North America and the U.K.
