maximum of 700 words for explanation, please write as much as possible.

maximum 700 words, please wrte bear that.

Question 4 "Patrick Industries, Inc. recently announced a 17.9% hike in its quarterly dividend. The company has been driving shareholder value through regular dividend hikes and reinvesting in the business". Critically evaluate and discuss this statement. Explain the key principles of stock valuation. In your answer, refer to theory and provide evidence where suitable. [50 marks] Question 4 "Patrick Industries, Inc. recently announced a 17.9% hike in its quarterly dividend. The company has been driving shareholder value through regular dividend hikes and reinvesting in the business". Critically evaluate and discuss this statement. Explain the key principles of stock valuation. In your answer, refer to theory and provide evidence where suitable. [50 marks]