Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend

Rhea-AI Summary

Patrick Industries (NASDAQ: PATK) announced its Board approved an increase to the regular quarterly cash dividend to $0.47 per share from $0.40 per share. The dividend was approved on November 19, 2025 and is payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025.

Management said the increase reflects confidence in free cash flow generation, the durability of end markets, and a commitment to a balanced capital allocation strategy. The company noted future dividends remain subject to Board approval.

Positive

• Dividend increase of 17.5% to $0.47 per share
• Payable Dec 15, 2025 to recordholders on Dec 1, 2025
• Management cites continued free cash flow support for payout

Negative

• Future dividends remain subject to Board approval

ELKHART, Ind., Nov. 20, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on November 19, 2025, its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.47 per share from $0.40 per share. The dividend is payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025.

"The increase in our quarterly cash dividend underscores our continued confidence in the strength and resilience of our business model, the durability of our end markets, and our ability to generate free cash flow," said Andy Nemeth, Chief Executive Officer of Patrick. "We remain committed to a balanced and disciplined capital allocation strategy that supports our strategic growth initiatives."

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. In addition, future dividends are subject to Board approval. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

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SOURCE Patrick Industries, Inc.

FAQ

How much did Patrick Industries (PATK) raise its quarterly dividend on Nov 19, 2025?

The Board approved raising the quarterly cash dividend to $0.47 per share from $0.40 per share.

When is the Patrick Industries (PATK) dividend payable and what is the record date?

The dividend is payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025.

What percent increase does the PATK dividend represent and what does management say?

The raise equals a 17.5% increase and management said it reflects confidence in free cash flow and end-market durability.

Does Patrick Industries guarantee future dividends after the Dec 15, 2025 payment?

No; the company stated that future dividends are subject to Board approval.

Which markets does Patrick Industries (PATK) serve that support its dividend decision?

Patrick serves the RV, Marine, Powersports and Housing markets, per the company description.