Universal Forest Products (UFPI) Raises Quarterly Dividend 20% to $0.15; 1.1% Yield

Universal Forest Products (NASDAQ: UFPI) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 20% increase from the prior dividend of $0.125.

The dividend will be payable on March 15, 2021, to stockholders of record on March 1, 2021, with an ex-dividend date of February 26, 2021.

The annual yield on the dividend is 1.1 percent.

“The enhanced dividend reflects the success of our company and the optimism we have in our future,” said Chairman William G. Currie. “Because of our strong cash position, we can pay a larger dividend to our shareholders and, at the same time, invest in growing UFP so it can achieve greater returns in the years to come. We thank our shareholders, many of whom are employees, for investing in UFP and making our success possible.”

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

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