UFPI board approves quarterly dividend of $0.15 per share
July 22 2021 - 4:05PM
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.
UFP Industries, Inc.UFP Industries is a holding
company whose operating subsidiaries – UFP Industrial, UFP
Construction and UFP Retail Solutions – manufacture, distribute and
sell a wide variety of value-added products used in residential and
commercial construction, packaging and other industrial
applications worldwide. Founded in 1955, the company is
headquartered in Grand Rapids, Mich., with affiliates in North
America, Europe, Asia and Australia. For more about UFP Industries,
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---------------
Dick GauthierVP, Business Outreach(616) 365-1555
UFP Industries (NASDAQ:UFPI)
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