Patrick Industries Dividends and Buybacks
Dividend criteria checks 3/6
Patrick Industries is a dividend paying company with a current yield of 1.92% that is well covered by earnings.
Key information
1.9%
Dividend yield
1.0%
Buyback Yield
| Total Shareholder Yield | 2.9% |
| Future Dividend Yield | 2.1% |
| Dividend Growth | 2.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$1.600 |
| Payout ratio | 31% |
Recent dividend and buyback updates
Patrick Industries' (NASDAQ:PATK) Dividend Will Be Increased To $0.60
Nov 21
Patrick Industries (NASDAQ:PATK) Is Due To Pay A Dividend Of $0.55
Feb 11Patrick Industries (NASDAQ:PATK) Is Increasing Its Dividend To $0.55
Nov 19Recent updates
Patrick Industries' (NASDAQ:PATK) Dividend Will Be Increased To $0.60
Nov 21Earnings Update: Patrick Industries, Inc. (NASDAQ:PATK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Nov 03Should You Investigate Patrick Industries, Inc. (NASDAQ:PATK) At US$146?
Oct 18Patrick Industries, Inc. (NASDAQ:PATK) Investors Are Less Pessimistic Than Expected
Oct 03Patrick Industries (NASDAQ:PATK) Takes On Some Risk With Its Use Of Debt
Sep 09Patrick Industries: With Key Markets Stabilizing, Shares Deserve More Upside
Jul 29Why Patrick Industries, Inc. (NASDAQ:PATK) Could Be Worth Watching
Jul 12Some May Be Optimistic About Patrick Industries' (NASDAQ:PATK) Earnings
May 22Patrick Industries, Inc.'s (NASDAQ:PATK) CEO Compensation Looks Acceptable To Us And Here's Why
May 10Patrick Industries: An Acquisitions Masterclass For Long-Term Growth
May 04Market Still Lacking Some Conviction On Patrick Industries, Inc. (NASDAQ:PATK)
Apr 24Patrick Industries: Expectations Run A Bit Hot After Its Biggest M&A Deal
Mar 12Are Investors Undervaluing Patrick Industries, Inc. (NASDAQ:PATK) By 32%?
Feb 26Patrick Industries (NASDAQ:PATK) Is Due To Pay A Dividend Of $0.55
Feb 11Patrick Industries, Inc. (NASDAQ:PATK) Might Not Be As Mispriced As It Looks
Jan 23Is Now The Time To Look At Buying Patrick Industries, Inc. (NASDAQ:PATK)?
Jan 04Patrick Industries (NASDAQ:PATK) Will Want To Turn Around Its Return Trends
Dec 19We Think Patrick Industries (NASDAQ:PATK) Is Taking Some Risk With Its Debt
Dec 06Patrick Industries (NASDAQ:PATK) Is Increasing Its Dividend To $0.55
Nov 19What Does Patrick Industries, Inc.'s (NASDAQ:PATK) Share Price Indicate?
Sep 25Capital Allocation Trends At Patrick Industries (NASDAQ:PATK) Aren't Ideal
Aug 16These 4 Measures Indicate That Patrick Industries (NASDAQ:PATK) Is Using Debt Extensively
Jul 29Is Patrick Industries, Inc. (NASDAQ:PATK) Potentially Undervalued?
Jun 11Patrick Industries (NASDAQ:PATK) Has Some Way To Go To Become A Multi-Bagger
May 18Patrick Industries, Inc. (NASDAQ:PATK) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 27At US$71.26, Is Patrick Industries, Inc. (NASDAQ:PATK) Worth Looking At Closely?
Mar 10Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Feb 22Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, PATK has been paying a dividend for less than 10 years.
Growing Dividend: PATK's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Patrick Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PATK) | 1.9% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Auto Components) | 2.6% |
| Analyst forecast (PATK) (up to 3 years) | 2.1% |
Notable Dividend: PATK's dividend (1.92%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: PATK's dividend (1.92%) is low compared to the top 25% of dividend payers in the US market (4.53%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.8%), PATK's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (19.6%), PATK's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 16:38 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Patrick Industries, Inc. is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Kennison | Baird |
| Michael Albanese | Benchmark Company |
| Tristan Thomas-Martin | BMO Capital Markets Equity Research |