Patterson Declares Fresh Dividend

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Patterson has elected not to raise its quarterly shareholder payout. The company today declared a regular stock dividend of $0.16 per share, to be paid on July 26 to shareholders of record as of July 11. That amount matches the company's previous distribution, which was paid at the end of April. Before that, Patterson handed out $0.14 per share.

In the press release announcing the move, Patterson did not shy away from mentioning that the upcoming distribution will be its 14th consecutive quarterly payout.

The dividend annualizes to $0.64 per share. That yields 1.6% at Patterson's most recent closing stock price of $39.07.

The article Patterson Declares Fresh Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Patterson. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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