Patrick Industries Dividend Insights and Recent Developments: What Investors Need to Know Before the Ex-Dividend Date on May 27, 2025

Patrick Industries has announced its latest dividend details, with an ex-dividend date set for May 27, 2025. The dividend was announced on May 15, 2025, and is set to be paid on Jun 9, 2025, at $0.400 per share. This amount is notably higher than the average of the last ten dividends, which stood at $0.180 per share. Previously, the company distributed a dividend of $0.400 per share on Mar 3, 2025. Both dividends are classified as cash dividends.

Over the past week, Patrick Industries has seen several key developments. Recently, Jake Petkovich rejoined the company as President of the Marine division, succeeding Rick Reyenger, who transitioned to a strategic advisory role. Petkovich's return brings significant financial expertise, expected to drive growth in the Marine sector. Reyenger's move ensures leadership continuity, following his instrumental role since 2018 in expanding Patrick's Marine operations.

In another recent update, Patrick Industries ratified the appointment of Deloitte & Touche LLP as its independent auditor, a move aimed at reinforcing the company's financial governance. Furthermore, reports indicated that Todd M Cleveland, a Board Member, made a substantial insider purchase of Patrick Industries stock on May 20, reflecting confidence in the company's strategic direction.

Investors should also note the ex-dividend date of May 27, 2025, as it represents the deadline for acquiring stock to qualify for the upcoming dividend. Purchases made after this date will not entitle shareholders to receive the dividend.