On November 25, 2024, investors will see Patrick Industries Inc (Symbol: PATK), Carter’s Inc (Symbol: CRI), and PHINIA Inc (Symbol: PHIN) trading ex-dividend. This means that anyone buying shares on or after this date will not receive the upcoming dividends. Patrick Industries will distribute a quarterly dividend of $0.60 on December 9, 2024, while Carter’s plans to pay $0.80 on December 6, 2024, and PHINIA’s dividend is set at $0.25 on December 13, 2024.

To understand the financial impact, consider the recent share prices: with PATK trading at $130.86, its dividend represents about 0.46%. Therefore, investors should expect a drop of approximately 0.46% in PATK’s share price when it opens after the ex-dividend date. Similarly, CRI’s shares might open 1.57% lower, and PHIN’s shares may decrease by 0.47%, assuming no other market changes.

Below are the historical dividend charts for PATK, CRI, and PHIN, showcasing their dividend patterns before the most recent announcements.

Patrick Industries Inc (Symbol: PATK):

Carter’s Inc (Symbol: CRI):

PHINIA Inc (Symbol: PHIN):

Dividends can be unpredictable, often mirroring a company’s financial performance over time. Analyzing historical dividends is crucial in estimating future payouts and yield stability. For current estimates, Patrick Industries has an annualized yield of 1.83%, Carter’s shows 6.28%, and PHINIA stands at 1.90%.

In trading on Thursday, Patrick Industries shares have risen by approximately 0.9%, while Carter’s shares have dropped about 2%. Meanwhile, PHINIA shares are up roughly 1.2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.