Louisiana-Pacific Corporation (LPX) to Issue Quarterly Dividend of $0.30 on May 28th

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Friday, May 1st. Investors of record on Thursday, May 14th will be given a dividend of 0.30 per share by the building manufacturing company on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, May 14th.

Louisiana-Pacific has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Louisiana-Pacific has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.2%.

Louisiana-Pacific Trading Down 2.8%

NYSE:LPX opened at $73.02 on Tuesday. Louisiana-Pacific has a 12-month low of $66.68 and a 12-month high of $102.86. The firm has a market capitalization of $5.10 billion, a P/E ratio of 61.88, a P/E/G ratio of 1.54 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. The business has a 50 day simple moving average of $74.80 and a 200 day simple moving average of $81.75.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The business had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue for the quarter was down 20.7% compared to the same quarter last year. Equities research analysts predict that Louisiana-Pacific will post 2.45 EPS for the current year.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.