Patrick Industries Declares Quarterly Cash Dividend

Patrick Industries ( (PATK) ) has issued an announcement.

On May 15, 2025, Patrick Industries held its Annual Meeting of Shareholders, where all director nominees were elected and various proposals, including an increase in authorized shares, were approved. The Board also declared a quarterly cash dividend of $0.40 per share, payable on June 9, 2025, reflecting the company’s strong financial position and commitment to returning value to shareholders.

The most recent analyst rating on (PATK) stock is a Buy with a $106.66 price target. To see the full list of analyst forecasts on Patrick Industries stock, see the PATK Stock Forecast page.

Spark’s Take on PATK Stock

According to Spark, TipRanks’ AI Analyst, PATK is a Neutral.

Patrick Industries presents a stable financial foundation with strong cash flow and profitability. The technical indicators suggest a cautious approach, with some signs of bearish momentum. Valuation remains reasonable, though macroeconomic challenges and reduced shipment outlooks pose risks. Overall, the company is well-positioned for long-term growth, albeit with short-term uncertainties.

To see Spark’s full report on PATK stock, click here.

More about Patrick Industries

Patrick Industries, Inc. is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets. Founded in 1959 and headquartered in Elkhart, IN, the company offers a full solutions model that includes design, manufacturing, distribution, and transportation. Patrick Industries is home to over 85 brands and employs approximately 10,000 people across the United States.

Average Trading Volume: 404,925

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.93B

Learn more about PATK stock on TipRanks’ Stock Analysis page.