Core Insights - Patrick Industries, Inc. (NASDAQ:PATK) is recognized among the 15 Dividend Growth Stocks with the highest growth rates [1] - Truist analyst Michael Swartz raised the price target for Patrick Industries from $105 to $114 while maintaining a Buy rating [3] - The company has a strong dividend history, returning $55 million to shareholders in FY24 through dividends and share repurchases [4] Company Overview - Patrick Industries produces and supplies components for various industries, including recreational vehicles (RVs), marine, powersports, and manufactured housing [2] - Key customers include original equipment manufacturers that build motorboats, boats, and prefabricated homes [2] Financial Performance - The company initiated dividend payments in 2019, increasing its quarterly payouts from $0.25 per share to $0.40 per share [4] - As of October 30, the stock has a dividend yield of 1.59% [4]