Patrick Industries Inc (PATK) Stock Split History

Patrick Industries Inc has split its stock 11 times since its initial public offering (IPO). The first stock split occurred on November 12, 1971 with the ratio of 3-for-2, meaning that for 2 shares of PATK owned pre-split, shareholders then owned 3 shares. 10 more splits have been implemented since then. The most recent stock split took place on December 16, 2024 on a 3-for-2 basis.

These splits have increased PATK stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Patrick Industries Inc's total market capitalization.

For more detailed information of Patrick Industries Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Patrick Industries Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PATK stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Patrick Industries Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.