Dividend Growth of Patterson Companies, Inc.(PDCO)

Patterson Companies(PDCO) is having a Dividend Yield of 2.21% with the Annual cash Dividend per share of $0.9. The last quarter cash dividend per share pay out was $0.24. Patterson Companies has a 5 year average dividend yield of 1.79% and the stock has a Indicated annual dividend of $0.96. Patterson Companies(PDCO) formally announced its most recent dividend on December 14, 2016 with a Dividend per share of $0.24. The new indicated annual dividend based on announced dividend per share is $0.96. The dividend yield based on the forward looking indicated annual dividend is 2.21%. Patterson Companies(PDCO) has the most recent dividend payout ratio of 0.38 with a 5-year average payout ratio of 0.34. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.04. The 5 year historical dividend growth of Patterson Companies(PDCO) is at the rate of 15.58% while the R-Squared dividend growth is 0.94. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Patterson Companies, Inc. (NASDAQ:PDCO) rose 0.67% or 0.29 points on Thursday and made its way into the gainers of the day. After trading began at $43.5 the stock was seen hitting $43.86 as a peak level and $43.4 as the lowest level. The stock ended up at $43.79. The daily volume was measured at 803,720 shares. The 52-week high of the share price is $50.4 and the 52-week low is $36.46. The company has a market cap of $4,287 million. Shares of Patterson Companies, Inc. rose by 2.5% in the last five trading days and 6.26% for the last 4 weeks. Patterson Companies, Inc. has dropped 8.38% during the last 3-month period . Year-to-Date the stock performance stands at 7.34%.

Currently the company Insiders own 0.46% of Patterson Companies, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 5.41% . Institutional Investors own 82.97% of Patterson Companies, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 2.01%. Company has reported several Insider transactions to the SEC, on Dec 9, 2016, John D Buck (director) purchased 2,500 shares at 39.98 per share price.On Aug 30, 2016, Ann B Gugino (Executive Vice President & CFO) sold 750 shares at 46.22 per share price.On Sep 25, 2015, James W Wiltz (director) sold 5,000 shares at 45.14 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Robert W. Baird on Jan 3, 2017 to Outperform, Raises Price Target to $ 47 from a previous price target of $38 .

Patterson Companies Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.60. The company had revenue of $1418.20 million for the quarter, compared to analysts expectations of $1435.42 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets.


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