UFPI Board Approves Semiannual Dividend of $0.45 per Share
April 20 2017 - 8:00AM
The Universal Forest Products, Inc. (Nasdaq:UFPI) Board of
Directors approved a semiannual dividend payment of $0.45 per share
at their April 18, 2017, meeting. The dividend is payable on June
15, 2017, to shareholders of record on June 1, 2017.
“Once again, we have the opportunity to thank shareholders with
this dividend payment, thanks to the strong performance created by
the hard-working people of Universal,” said Chairman William G.
Currie. “We are growing in many ways – internationally, with
existing and new customers, with new products, and in new markets –
and those who invest in us help make our growth possible, and make
this a great time to be part of the excitement and opportunity that
is Universal.”
On Tues., April 18, 2017, Universal announced that it broke
2016’s first-quarter record performance with net earnings of $21.1
million, up 10 percent, and net sales of $846.1 million, up 24
percent.
UNIVERSAL FOREST PRODUCTS, INC. Universal
Forest Products, Inc. is a holding company whose subsidiaries
supply wood, wood composite and other products to three robust
markets: retail, construction and industrial. Founded in
1955, the Company is headquartered in Grand Rapids, Mich., with
affiliates throughout North America, Europe, Asia and Australia.
For more about Universal Forest Products, go to www.ufpi.com.
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act, as
amended, that are based on management’s beliefs, assumptions,
current expectations, estimates and projections about the markets
we serve, the economy and the Company itself. Words like
“anticipates,” “believes,” “confident,” “estimates,” “expects,”
“forecasts,” “likely,” “plans,” “projects,” “should,” variations of
such words, and similar expressions identify such forward-looking
statements. These statements do not guarantee future performance
and involve certain risks, uncertainties and assumptions that are
difficult to predict with regard to timing, extent, likelihood and
degree of occurrence. The Company does not undertake to update
forward-looking statements to reflect facts, circumstances, events,
or assumptions that occur after the date the forward-looking
statements are made. Actual results could differ materially from
those included in such forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty. Among the factors that could cause actual results to
differ materially from forward-looking statements are the
following: fluctuations in the price of lumber; adverse or unusual
weather conditions; adverse economic conditions in the markets we
serve; government regulations, particularly involving environmental
and safety regulations; and our ability to make successful business
acquisitions. Certain of these risk factors as well as other risk
factors and additional information are included in the Company's
reports on Form 10-K and 10-Q on file with the Securities and
Exchange Commission.
AT THE COMPANY
Lynn Afendoulis
Director, Corporate Communications
(616) 365-1502
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