Patriot National (PN) Closes New Credit Facility; Announces Special Dividend, Stock Buyback Hike; Updates on Growth Plan

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Go back to Patriot National (PN) Closes New Credit Facility; Announces Special Dividend, Stock Buyback Hike; Updates on Growth Plan

Patriot National (PN) Declares $2.50 Special Dividend; Adds $25M to Stock Buyback Authorization

November 14, 2016 6:50 AM EST

Patriot National (NYSE: PN) declared a special dividend of $2.50 per share.

The dividend will be payable on December 9, 2016, to stockholders of record on November 28, 2016, with an ex-dividend date of November 30, 2016.

The annual yield on the dividend is 36.5 percent.

The Board has... More

Patriot National (PN) Misses Q3 EPS by 15c; Previous FY16 Guidance Withdrawn

November 14, 2016 6:46 AM EST

Patriot National (NYSE: PN) reported Q3 EPS of $0.12, $0.15 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $60.2 million versus the consensus estimate of $70.19 million.

Outlook

The Company has withdrawn its previously issued financial guidance for 2016 and... More