Norbord (OSB) Declares $0.22 Quarterly Dividend; 2.8% Yield
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Norbord Reports First Quarter 2017 Results; Increases Variable Dividend Level
May 2, 2017 6:00 AM EDTNote: Financial references in US dollars unless otherwise indicated.
Q1 2017 HIGHLIGHTS
Adjusted earnings of $0.58 per diluted share, more than double Q1 2016 Adjusted EBITDA of $103 million, $42 million higher than Q1 2016 North Central benchmark OSB price averaged $293 per Msf, up 30% from Q1 2016 Capacity utilization at Norbord's North American mills up 2% year-over-year Repaid $200 million in bonds upon maturity in February Tripled variable dividend level to C $0.30 per share for shareholders of record on June 1, 2017TORONTO, May 2, 2017... More
