UFPI Board Approves Increased Semiannual Dividend
April 19 2018 - 4:05PM
The Universal Forest Products, Inc. (Nasdaq:UFPI) Board of
Directors approved a 6 percent increase in the semiannual cash
dividend to $0.18 per share at their April 18, 2018 meeting. The
dividend is payable on June 15, 2018, to shareholders of record on
June 1, 2018.
“The hard-working people of Universal are dedicated to growing
the company and creating greater return for our shareholders,” said
Chairman William G. Currie. “It is our pleasure to share the
rewards of our success with shareholders and thank them for
investing in us and helping make our growth possible. This is an
exciting time to be associated with Universal.”
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.
Lynn AfendoulisDirector, Corporate Communications(616)
365-1502
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