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Patterson Companies Inc Authorizes New Share Repurchase Program; Increases Quarterly Dividend


Tuesday, 19 Mar 2013 04:00pm EDT 

Patterson Companies Inc announced that the Board of Directors has authorized up to 25 million shares to be repurchased under the new plan. These shares will be repurchased systematically and, as market conditions allow, through open market transactions until March 19, 2018. There is no assurance that any shares will be repurchased by the Company. Shares that are repurchased will be retired and will constitute authorized but unissued shares. The Board of Directors also approved an increase in the quarterly cash dividend of 14%, to $0.16 per diluted share from $0.14 per diluted share, bringing the annual dividend rate to $0.64 per diluted share. The dividend will be payable on April 30, 2013, to shareholders of record on April 12, 2013. 

Company Quote

40.27
-0.05 -0.12%
29 Aug 2014