Patterson Companies board approves US$500m share repurchase and regular quarterly cash dividend

The board of directors of Patterson Companies, Inc, recently announced an approval of a new share repurchase authorisation for the repurchase of up to US$500m of the company’s common stock through 16 Mar 2027, replacing a prior authorisation which was expiring and under which there was $194.9m remaining.

Patterson Companies
(Image: Patterson Companies)

The Board also declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on or about 3 May 2024, to shareholders of record as of the close of business on 19 Apr 2024.

Patterson Companies connects dental and animal health customers in North America and the UK to the latest products, technologies, services and innovative business solutions that enable operational and professional success. The company is listed on the Nasdaq under the “PDCO” ticker.

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