Universal Forest Products (UFPI) Raises Semi-Annual Dividend 13.3% to $0.51, 1% Yield; Board Approves 3-for-1 Share Split

Universal Forest Products (NASDAQ: UFPI) declared a semi-annual dividend of $0.51 per share, or $1.02 annualized. This is a 13.3% increase from the prior dividend of $0.45.

The dividend will be payable on December 15, 2017, to stockholders of record on December 1, 2017, with an ex-dividend date of November 30, 2017.

The annual yield on the dividend is 1 percent.

Share Split

The Board of Directors pproved a three-for-one stock split on October 17, 2017, to be effected in the form of a stock dividend of two additional shares of common stock for each outstanding share of common stock. The split will increase the number of outstanding shares of the Company’s common stock from approximately 20.4 million to 61.2 million.

For a dividend history and other dividend-related data on Universal Forest Products (UFPI) click here.

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