Patterson Companies announces $500 million stock repurchase
PDCO
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ST. PAUL – Patterson Companies, Inc. (NASDAQ:PDCO), a provider of products and solutions to dental and animal health markets, has announced a new share repurchase program. The Board of Directors approved the buyback of up to $500 million of the company’s common stock, set to continue through March 16, 2027. This new repurchase authorization replaces the previous one, which was nearing expiration and had $194.9 million remaining.
In addition to the share repurchase, Patterson Companies also declared a quarterly cash dividend of $0.26 per share. The dividend is slated for payment on or around May 3, 2024, to shareholders recorded by the close of business on April 19, 2024.
Patterson Companies, with its extensive distribution network and supply chain, specializes in connecting its customers across North America and the U.K. with a wide range of products, technologies, and services. The company prides itself on its knowledgeable staff who provide significant customer service and support.
