Patterson Companies Increases Cash Dividend by 8 Percent
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.
Inc. (Nasdaq: PDCO) is a value-added distributor serving the dental and
animal health markets.
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
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170314006445/en/
Patterson Companies Inc.
Ann B. Gugino, 651-686-1600
Vice President & CFO
John M. Wright, 651-686-1364
President, Investor Relations
Source: Patterson Companies Inc.
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