Patrick Industries raises dividend 9.1% to $0.60, ups buyback to $200M, announces 3-for-2 stock split

PATRICK INDUSTRIES INC

Quarterly dividend raised 9.1% to $0.60/share ($0.55 prior); payable Dec 9, record Nov 25.
Board authorized up to $200M in share repurchases over 24 months; $72.9M remained under prior authorization.
3-for-2 stock split (stock dividend): one additional share for every two held; record Nov 29, payable Dec 13, split-adjusted trading Dec 16.
CEO Andy Nemeth cited confidence in long-term earnings power and ability to generate free cash flow.

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