UFP Industries : UFPI board approves new quarterly dividend
July 23, 2021 at 07:08 am EDT
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GRAND RAPIDS, Mich., July 22, 2021 - The Board of Directors for UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.15 per share at their July 21, 2021, meeting. The dividend is payable on September 15, 2021, to shareholders of record on September 1, 2021.
'UFP Industries has been enjoying unprecedented growth, and the company's board is confident in the ability of its people to continue to execute our strategies and deliver strong results in the future,' said Chairman William G. Currie. 'Because of our liquidity position and confidence in future earnings and free cash flow, the board voted to increase the dividend payment by 20 percent to $0.15 earlier this year. We're happy to share this enhanced dividend with our shareholders and look forward to delivering even greater returns in the years to come.'
On Wednesday, July 21, 2021, UFP Industries announced record net sales, net earnings and earnings per share for the second quarter of 2021. The results were the best of any quarter in the company's history.
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UFP Industries Inc. published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 11:07:12 UTC.
UFP Industries, Inc. is a holding company with subsidiaries throughout North America, Europe, Asia, and Australia that designs, manufactures, and supplies products made from wood, composites, and other materials. The Company's segments include Retail, Packaging and Construction. Its Retail Solutions segment is comprised of business units, such as ProWood, Sunbelt, Deckorators and UFP-Edge. Retail Solutions segment is focused on distinct product offerings, which are grouped by brands and business units. Packaging segment is comprised of business units, such as Structural Packaging, PalletOne, and Protective Packaging Solutions. Construction segment is comprised of business units, such as Factory-Built Housing, Site-Built Construction, Commercial Construction, and Concrete Forming. Its ProWood business units manufactures and sells treated lumber products, including decking, fencing, and lattice, as well as decorative and functional lawn and garden products to building products retailers.