Patterson Companies Board Approves New Share Repurchase Authorization and Declares Regular Quarterly Cash Dividend

On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company’s common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, March 12, 2024
Information
Tags: 
Health, Dental, Veterinary, Share repurchase, Patterson Companies
Geotags: 
UNITED STATES, NORTH AMERICA, MINNESOTA
⚠ partially generated by AI ↴
Organisation: 
PATTERSON COMPANIES, PATTERSON COMPANIES INC.
Stock Symbol: 
NASDAQ:PDCO
Summary
Key Points: 
  • On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company’s common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining.
  • The Board also declared a quarterly cash dividend of $0.26 per share.
  • The dividend will be payable on, or about, May 3, 2024, to shareholders of record as of the close of business on April 19, 2024.


On March 11, 2024, the Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) approved a new share repurchase authorization for the repurchase of up to $500 million of the company’s common stock through March 16, 2027, replacing a prior authorization which was expiring and under which there was $194.9 million remaining.

The Board also declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on, or about, May 3, 2024, to shareholders of record as of the close of business on April 19, 2024.

About Patterson Companies Inc.

Patterson Companies Inc. (Nasdaq: PDCO) connects dental and animal health customers in North America and the U.K. to the latest products, technologies, services and innovative business solutions that enable operational and professional success. Our comprehensive portfolio, distribution network and supply chain is equaled only by our dedicated, knowledgeable people who deliver unrivalled expertise and unmatched customer service and support.

Learn more: pattersoncompanies.com

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