Patterson Companies Increases Cash Dividend 9 Percent

ST. PAUL, Minn.--(BUSINESS WIRE)-- The Board of Directors of Patterson Companies, Inc. (Nasdaq:PDCO), today declared a 9 percent increase in the quarterly cash dividend to $0.24 per share. The dividend will be payable on, or about, April 29, 2016, to shareholders of record as of the close of business on April 15, 2016. This increase results in a new indicated annual cash dividend of $0.96 per share and represents Patterson’s sixth consecutive annual dividend rate increase.

“Our progress to date on multiple fronts – from acquisition integration, to our technology investments, to capitalizing on current market conditions and focusing on our customers – enhances our ability to drive shareholder value,” said Scott P. Anderson, chairman, president and chief executive officer. “Today’s dividend rate increase recognizes that progress and the board’s support of Patterson’s growth strategies.”

About Patterson Companies, Inc.Patterson Companies, Inc. is a value-added distributor serving the dental and animal health markets.

Dental MarketPatterson's Dental segment provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America.

Animal Health MarketPatterson's Animal Health segment is a leading distributor of products, services and technologies to both the production and companion animal health markets in North America and the U.K.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160315006727/en/

Patterson Companies, Inc.
Ann B. Gugino, 651-686-1600
Executive Vice President & CFO
or
John M. Wright, 651-686-1364
Vice President, Investor Relations

Source: Patterson Companies, Inc.

You May Also Be Interested In

• Skandi Group Presenter sin Handelsplattform med AI-Baserad Marknadsanalys och Automatiserade Verktyg
• Virtus Introduces Two Actively Managed ETFs from Zevenbergen
• Picton Mahoney Asset Management Announces Monthly Distribution for PICTON Long Short Income Alternative Fund Exchange Traded Fund Units, PICTON Credit Opportunities Alternative Fund Exchange Traded Fu