Business Context and Reporting Period
Company: Patrick Industries, Inc. (PATK)
Filing Type: Form 8-K (Current Report)
Date of Report: August 15, 2024
Event: Declaration of quarterly cash dividend.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. The document solely reports a corporate action regarding shareholder distributions.
Material Changes
No material changes to financial performance or operations are reported in this filing. The primary event is the Board of Directors' declaration of a quarterly cash dividend.
Guidance, Outlook, and Management Commentary
Dividend Declaration:
- Amount: $0.55 per share of common stock.
- Record Date: August 26, 2024 (shareholders of record at close of business).
- Payment Date: September 9, 2024.
Management Commentary: The filing references a press release dated August 16, 2024 (Exhibit 99.1) for further details, but no additional commentary, guidance, or risk factors are included in the text of this 8-K.
Investor Verification Checklist
- Verify the dividend amount of $0.55 per share against the company's historical payout ratio.
- Confirm the record date of August 26, 2024, to ensure eligibility for the payment.
- Review the referenced press release (Exhibit 99.1) for any accompanying operational updates or strategic context not detailed in the 8-K.
- Check the payment date of September 9, 2024, for cash flow planning purposes.