ST. PAUL, Minn.--(BUSINESS WIRE)--The board of directors of Patterson Companies Inc. (Nasdaq: PDCO), today declared a dividend of $0.26 per share, representing an 8 percent increase in its quarterly cash dividend from the prior quarter. The dividend will be payable on or about April 28, 2017, to shareholders of record as of the close of business on April 14, 2017. This increase results in a new annual cash dividend of $1.04 per share and represents Patterson’s seventh consecutive year of increasing its annual dividend rate since the dividend was first implemented in March 2010.
“The dividend increase demonstrates our continued confidence in Patterson’s ability to generate growing cash returns on our business investments and growth opportunities,” said Scott P. Anderson, chairman, president and chief executive officer. “Patterson has a strong commitment to delivering long-term value to our shareholders.”
About Patterson Companies Inc.
Patterson Companies
Inc. (Nasdaq: PDCO) 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.