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Patterson Companies (PDCO) is a dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental, and Patterson Animal Health.

The company's three segments are Dental, Animal Health, and Corporate. 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 Companies or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

PDCO Price

Share price increased  2.96% in the past year from $30.05 to $30.94, as of Monday’s market close.

In the past 3 years, the company’s share price has ranged from $19.57 to $35.01. (Its all-time high of $53.85 was reached May 23, 2005.

The company will go private in April 2025 with healthcare investment firm Patient Square Capital for $31.35 per share in an all-cash deal.

PDCO Dividend

Patterson Companies has paid variable quarterly dividends since April 20, 2010. The company’s most recent Q dividend of $0.26 was declared September 17th for shareholders of record prior to January 31st and the payout is due October 18th. A forward-looking annual dividend of $1.04 yields 3.36% per Monday’s closing price.

PDCO Returns

Putting it all together, a $0.57 estimated gross gain per share shows up by adding PDCO’s February $0.26 dividend to the estimated $0.31 annual price gain, totaling that 0.57 gross amount.

A little under $1000 buys 32 shares at Monday’s $30.94 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.31 per share out of the $0.57 gross gain to give us a net gain of $0.26 X 32 shares = $8.32 for about a 0.083% estimated net gain on the year.

Furthermore, the $0.83 quarterly short-term income from $1k invested in PDCO is far less than the near $31.00 single-share price. By these numbers, PDCO is a dividend dog to avoid as it goes private next quarter.

Patterson Companies is a 148-year-old quarterly dividend-paying dental and pet supply company with a 15-year dividend record.

The exact track of Patterson Companies' future price and dividend will entirely be determined by its new private equity owners.  I bid it a fond farewell from the public marketplace.

Remember the best way to track dividend payments is through direct ownership of company shares.

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