Patterson Companies Increases Cash Dividend by 8 Percent
March 14 2017 - 4:25PM
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 MarketPatterson’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
MarketPatterson’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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170314006445/en/
Patterson Companies Inc.Ann B. Gugino,
651-686-1600Executive Vice President & CFOorJohn M. Wright,
651-686-1364Vice President, Investor Relations
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