Patterson Companies () is a distributor and wholesaler of consumable dental products and equipment. It operates through two business segments, (1) Patterson Dental, and (2) Patterson Animal Health.It generates maximum revenue from the Animal Health segment. Geographically, it derives its revenue from the United States, the United Kingdom, and Canada. The firm derives almost all of its revenue from the United States.The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004.Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota.Three key data points gauge Patterson or any dividend paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.
PDCO PricePatterson’s share price fell x.7% in the past year from $32.03 to $20.07 as of Wednesday’s market close.In the past 10 years the company’s share price has rarely been less than $13.10 nor more than $51.55. However, Patterson’s price once reached a $53.85 all time high back in May, 2005.If shares trade in the range of $15.00 to $25.00 this next year, the recent $20.07 share price might grow to $23.00. Of course, PDCO share price could also drop about the same $2.93 estimated amount, or more.My $2.93 price upside estimate is based on the median of 1yr target prices estimated by ten analysts tracking the stock for brokers
PDCO Dividend
Patterson has paid quarterly dividends since April 2010. The company’s most recent Q dividend of $0.26 was declared September 17th for shareholders of record October 18th, and the payout was made November 1st.The estimated annual dividend of $1.04 yields 5.18% as of Wednesday’s closing price.
PDCO ReturnsPutting it all together, a $3.98 estimated annual gross gain per share shows up by adding Patterson’s annual $1.04 dividend to the estimated price upside of $2.94, totaling that $3.98 gross gain.A little over $1000 buys 50 shares at Wednesday’s $20.06 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.50 per share out of the $3.97 gross-gain to give us a net gain of $3.48 X 50 shares = $174 for about a 17% estimated net gain for the year.Furthermore, the $51.80 annual estimated dividend from $1k invested is over 2.5 times more than the $20.06 single share price. By these numbers, PDCO could be an ideal dividend dog.Therefore, you might choose to pounce on Patterson. It is a 147 year-old Quarterly dividend paying Animal and Dental supplies company with a 14-year quarterly dividend record.The exact track of Patterson’s future price and dividend will entirely be determined by market action and company finances.Remember the best measure of stock value is through direct ownership of shares.More By This Author:
Current Report: Patterson Companies Inc.
