Patrick Industries, Inc.’s Board of Directors declared a cash dividend of $0.40 per share.
The dividend is payable Sept. 8 to shareholders of record at the close of business Aug. 25.
Patrick Industries has 33.28 million shares outstanding, according to Yahoo Finance.
The dividend payment will return $13.3 million to shareholders.
At the same rate over the full year, Patrick Industries would distribute $53.25 million to its shareholders.
The company is a component solutions provider serving the RV, marine, powersports and housing markets. Headquartered in Elkhart, Indiana, Patrick Industries is home to more than 85 brands.
