The Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO), today declared a quarterly cash dividend of $0.20 per share. The dividend will be payable on July 25, 2014, to shareholders of record on July 11, 2014.
“I am pleased to announce Patterson’s 18 th consecutive quarterly cash dividend,” said Scott P. Anderson, chairman and chief executive officer. “The dividend underscores our commitment to provide long-term value to our shareholders. Through our capital allocation strategy, we will continue to return cash back to shareholders in the form of dividends and share repurchases.”
About Patterson Companies, Inc.Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets.
Dental MarketAs Patterson’s largest business, Patterson Dental 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.
Veterinary MarketPatterson Veterinary is a leading distributor in the U.S. and U.K. of consumable veterinary supplies, equipment and software, diagnostic products, vaccines and pharmaceuticals predominantly to companion-pet veterinary clinics.
Rehabilitation MarketPatterson Medical is the world’s leading distributor of rehabilitation supplies and non-wheelchair assistive patient products to the physical and occupational therapy markets. The unit’s global customer base includes hospitals, long-term care facilities, clinics and dealers.