PATK Board Declares $0.40 Dividend; Record Date Aug 25, 2025
Rhea-AI Filing Summary
Patrick Industries, Inc. announced that on August 14, 2025 its Board declared a quarterly cash dividend of $0.40 per share of common stock. The dividend will be payable on September 8, 2025 to shareholders of record at the close of business on August 25, 2025. The company filed a related press release dated August 15, 2025 as Exhibit 99.1 and included an Interactive Data cover page. No other financial results, guidance, or transactions are disclosed in this 8-K.
Positive
- Quarterly cash dividend declared at $0.40 per share, signaling continued shareholder payouts
- Clear payment logistics: payable on September 8, 2025 with record date August 25, 2025
- Press release filed as Exhibit 99.1, and Interactive Data cover page included
Negative
- None.
Insights
TL;DR: A routine quarterly dividend declaration: $0.40 per share payable Sept 8, 2025; record date Aug 25, 2025.
This 8-K reports a Board-declared cash dividend and the associated press release. The announcement confirms continued shareholder distributions but contains no earnings, cash flow, or balance sheet detail to assess sustainability. Investors should note the exact payment and record dates provided, but the filing does not address how the dividend is funded or any change in dividend policy.
TL;DR: Corporate action limited to a standard dividend declaration with accompanying press release and XBRL cover page.
The disclosure fulfills regulatory requirements for communicating a dividend declaration. It identifies the Board action and provides exhibit references but contains no additional governance commentary, such as changes to capital allocation priorities or Board rationale. As presented, the filing is procedural and provides required investor notice without broader corporate governance implications.