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.
Patterson Companies Inc. (Nasdaq: PDCO) is a value-added distributor serving the dental and animal health markets.
Patterson’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 Market
Patterson’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.