On november 11, 2022, Patrick Industries (PATK) announced that it will increase its quarterly dividend by 36.4% to $0.45 per share. This follows a dividend hike of 17.9 percent to 33 cents per share in 2021 and also marks the 3rd consecutive year with a double digit dividend hike by the RV products maker. The next PATK dividend is payable on December 12, 2022, to shareholders of record at the close of business on November 28, 2022. The dividend yield jumps to 3.2% at a stock price of $55.45 for Patrick Industries. "The dividend increase reflects our commitment to increasing long-term shareholder value, and the Board and management's confidence in our financial position and capital allocation strategy," said Andy Nemeth, Chief Executive Officer of Patrick. Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, ki...