secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0000076605-24-000189
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000189/0000076605-24-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000189/patk-20241114.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000189

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer