Patterson Companies Increases Cash Dividend 9 Percent
March 15 2016 - 4:07PM
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 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/20160315006727/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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