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Patrick Industries is raising its quarterly cash dividend and adding $200 million to buy back shares.

PayoutRead the original at prnewswire.com
Good for PATK

Patrick Industries increased its dividend and renewed its share repurchase authorization to a total of $200 million. This supports shareholders, though the dividend amount was not stated and no share purchases were reported.

PATK · Patrick Industries, Inc.

AI read · Good for PATK

The AI's read

The higher dividend and renewed room for share purchases support returns to shareholders. The company did not state the size of the dividend increase, and authorization does not mean shares have already been bought. The report gives no negative business update, so this news is favorable.

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