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

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

UFPI Board of Directors Approves 3-for-1 Stock Split; 13 Percent Increase in Semiannual Dividend

October 18, 2017 4:05 PM EDT

GRAND RAPIDS, Mich., Oct. 18, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of Universal Forest Products, Inc. (Nasdaq: UFPI) approved 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 Companys common stock from approximately 20.4 million to 61.2 million.

The stock dividend demonstrates the Board of Directors confidence in the Companys continued ability to grow sales and profits and generate robust cash flow,... More