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

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

UFP Industries announces 20 percent increase in quarterly dividend

February 1, 2021 8:30 AM EST

GRAND RAPIDS, Mich., Feb. 01, 2021 (GLOBE NEWSWIRE) -- On January 28, 2021, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of 15 cents a share, a 20 percent increase over the quarterly dividend of 12.5 cents a share paid in 2020. The dividend is payable on March 15, 2021, to shareholders of record on March 1, 2021.

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... More