Image Source: DepositPhotosPatterson Companies Inc (PDCO) is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental, and Patterson Animal Health.The company’s segment includes Dental, Animal Health, and Corporate. It generates maximum revenue from the Animal Health segment. Geographically, it derives a majority 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 Inc or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money. PDCO PriceOver the past year, Patterson share price increased about 4.5% from $28.31 to $29.58 as of Monday’s market close.If PDCO trades in the range of $25.00 to $35.00 this next year, its recent $29.58 share price might rise to $31.00 by next year. Of course, Patterson’s price could drop about the same $1.42 estimated amount, or more.My annual upside estimate of $1.42 however, is in line with the median of price targets estimated by ten analysts tracking PDCO. PDCO DividendPatterson Companies Inc has paid Quarterly dividends since April, 2010. PDCO’s most recent Q dividend of $0.26 was declared December 5, 2023 to shareholders of record January 1st. The payout is coming February 2.The forward looking $1.04 annual dividend yields 3.52% at Monday’s $29.58 share price. PDCO ReturnsTo put it all together, add the estimated annual dividend of $1.04 to the price upside of $1.42 to find a $2.46 gross gain.At Monday’s $29.58 share price, a little over $1000 would buy 34 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, would cost us about $0.29 per share.Subtracting that likely $0.29 brokerage cost from the $2.46 gross gain produces a net gain of $2.17 X 34 shares = $73.78 for a 7.32% estimated net gain.You might choose to pounce on PDCO It is a 147 year-old U.S. Dental and Animal health products distributor headquartered in St, Paul, MN.Furthermore, the estimated $35.20 of annual dividend income from $1k invested is about 1.2 times greater than PDCO’s recent $29.58 single share price.The exact track of the Patterson Companies Inc ongoing future price and dividend will be determined may market action.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Analysis: Medical Facilities (MFCSF)
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