Uncovering Dividend Opportunities with NASDAQ:PDCO.

PATTERSON COS INC (NASDAQ:PDCO) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NASDAQ:PDCO demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

Deciphering NASDAQ:PDCO's Dividend Rating

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NASDAQ:PDCO has achieved a 7 out of 10:

• PDCO's Dividend Yield is rather good when compared to the industry average which is at 2.55. PDCO pays more dividend than 95.65% of the companies in the same industry.
• PDCO's Dividend Yield is a higher than the S&P500 average which is at 2.72.
• PDCO has paid a dividend for at least 10 years, which is a reliable track record.
• As PDCO did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
• The dividend of PDCO is growing, but earnings are growing more, so the dividend growth is sustainable.

A Closer Look at Health for NASDAQ:PDCO

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:PDCO, the assigned 5 for health provides valuable insights:

• An Altman-Z score of 4.32 indicates that PDCO is not in any danger for bankruptcy at the moment.
• The Altman-Z score of PDCO (4.32) is better than 82.61% of its industry peers.
• PDCO has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
• PDCO has a better Debt to Equity ratio (0.47) than 60.87% of its industry peers.
• PDCO's Current ratio of 1.63 is fine compared to the rest of the industry. PDCO outperforms 62.61% of its industry peers.

What does the Profitability looks like for NASDAQ:PDCO

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:PDCO, the assigned 6 is noteworthy for profitability:

• The Return On Assets of PDCO (7.43%) is better than 89.57% of its industry peers.
• The Return On Equity of PDCO (19.29%) is better than 85.22% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 11.36%, PDCO belongs to the top of the industry, outperforming 90.43% of the companies in the same industry.
• The 3 year average ROIC (10.43%) for PDCO is below the current ROIC(11.36%), indicating increased profibility in the last year.
• PDCO has a better Profit Margin (3.28%) than 72.17% of its industry peers.

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For an up to date full fundamental analysis you can check the fundamental report of PDCO

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.