UFP Industries, Inc. (UFPI) to Issue Quarterly Dividend of $0.36 on June 15th

UFP Industries, Inc. (NASDAQ:UFPI) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, June 1st will be given a dividend of 0.36 per share by the construction company on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st.

UFP Industries has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. UFP Industries has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect UFP Industries to earn $5.36 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.9%.

UFP Industries Stock Performance

UFP Industries stock opened at $81.00 on Friday. The stock’s 50 day moving average price is $88.63 and its 200 day moving average price is $94.97. The firm has a market capitalization of $4.57 billion, a PE ratio of 17.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.07 and a current ratio of 4.64. UFP Industries has a one year low of $77.89 and a one year high of $118.00.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.26). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. UFP Industries had a return on equity of 8.50% and a net margin of 4.31%.The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.30 earnings per share. As a group, sell-side analysts expect that UFP Industries will post 4.6 EPS for the current fiscal year.

UFP Industries Company Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.