Patterson Companies (PDCO) Increases Buyback by 25 Million Shares
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The Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO), today approved a new share repurchase authorization plan as well as an increase to the quarterly cash dividend. The new share repurchase plan replaces any remaining authorization from Patterson’s previous plan.
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 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.
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