Patterson Companies Declares Quarterly Dividend
18 March 2015 - 1:48AM
Business Wire
Board of Directors approves 10 percent dividend
increase
The Board of Directors of Patterson Companies, Inc.
(NASDAQ:PDCO) today declared a 10 percent increase in the regular
quarterly cash dividend to $0.22 per share, from the prior
quarterly dividend of $0.20 per share. The dividend will be payable
on, or about, April 24, 2015, to shareholders of record as of the
close of business on April 10, 2015. This marks the fifth
consecutive year of annual dividend increases since Patterson
Companies initiated dividend payments in March 2010.
“We are pleased to announce our 21st consecutive quarterly cash
dividend,” said Scott P. Anderson, chairman and chief executive
officer. “The dividend increase this quarter demonstrates our
confidence in Patterson's continued ability to generate growing
cash returns on our business investments and growth opportunities.
Patterson has a strong commitment to delivering long-term value to
our shareholders.”
About Patterson Companies, Inc.Patterson Companies, Inc.
is a value-added distributor serving the dental, companion-pet
veterinarian and rehabilitation supply markets.Dental MarketAs Patterson’s largest business,
Patterson Dental 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.Veterinary
MarketPatterson Veterinary is a leading distributor in the
U.S. and U.K. of consumable veterinary supplies, equipment and
software, diagnostic products, vaccines and pharmaceuticals
predominantly to companion-pet veterinary clinics.Rehabilitation MarketPatterson Medical is the
world’s leading distributor of rehabilitation supplies and
non-wheelchair assistive patient products to the physical and
occupational therapy markets. The unit’s global customer base
includes hospitals, long-term care facilities, clinics and
dealers.
Patterson Companies, Inc.Ann B. Gugino, 651-686-1600Vice
President & CFO
Patterson Companies (NASDAQ:PDCO)
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