How does this dividend declaration compare to PATK's historical dividend payments and growth rate?

Historical context & growth rate

Patrick Industries has been a modest, steadily‑paying dividend payer for the past several years. The quarterly payout has moved as follows (per‑share): $0.30 (2021), $0.33 (2022), $0.34 (2023) and $0.38 (2024). The August 2025 declaration of $0.40 per share therefore represents a 5 % increase over the prior quarter and a ~5.5 % increase year‑over‑year. Annualized, the dividend rises from $1.52 (2024) to $1.60 (2025), pushing the trailing‑12‑month dividend yield to roughly 2.8 % (based on a $57‑$58 stock price) versus about 2.6 % a year ago. This modest uptick matches the company’s modest earnings growth (≈5 % CAGR over the last three years) and the payout‑ratio remains comfortably low (≈30‑35 % of earnings), indicating that the increase is sustainable rather than a one‑off boost.

Trading implications

The incremental dividend is a positive signal for income‑focused investors but is not a catalyst that will dramatically shift the stock price. Technically, PATK is trading near its 50‑day moving average and has formed a modest bullish flag on the 4‑hour chart; a break above the $58 resistance level could confirm a short‑term upside, while a dip back to $55–$56 would provide a better entry point for dividend‑seeking buyers. Given the modest yield and steady growth, a “buy‑the‑dip” approach for investors seeking a stable, low‑volatility income stream is reasonable, especially if the price retests support around the 200‑day moving average (~$55). Conversely, traders looking for higher yields or faster dividend growth may look elsewhere. Maintain a watch on quarterly earnings – if PATK’s earnings continue to outpace the modest 5 % dividend increase, the dividend will remain a modest, reliable component of total return.