Published on 29 May 2024 on Simply Wall St. via Yahoo Finance
Be Sure To Check Out Patrick Industries, Inc. (NASDAQ:PATK) Before It Goes Ex-Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Patrick Industries, Inc. (NASDAQ:PATK) is about to go ex-dividend in just 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase Patrick Industries' shares before the 3rd of June in order to receive the dividend, which the company will pay on the 17th of June.
The company's next dividend payment will be US$0.55 per share. Last year, in total, the company distributed US$2.20 to shareholders. Based on the last year's worth of payments, Patrick Industries has a trailing yield of 1.9% on the current stock price of US$112.86. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing.