Boise Cascade, L.L.C. (NYSE:BCC) to Issue Quarterly Dividend of $0.22

Key Points

• Boise Cascade declared a quarterly dividend of $0.22 per share, payable June 17 to shareholders of record on June 1 (ex-dividend date June 1), equal to an annualized $0.88 and a yield of about 1.1%.
• The dividend appears sustainable, with a current payout ratio of 10.9% and analyst forecasts of $5.49 in EPS next year (implying a projected payout ratio near 16%).
• BCC recently traded at $79 (down 0.3%), with a market cap of $2.83 billion, a P/E of 22.4 and a 52-week range of $65.14–$97.67.

Boise Cascade, L.L.C. (NYSE:BCC - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 1st will be given a dividend of 0.22 per share by the construction company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 1st.

Boise Cascade has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Boise Cascade has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Boise Cascade to earn $5.49 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 16.0%.

Boise Cascade Stock Down 0.3%

BCC traded down $0.27 during trading on Friday, hitting $79.00. 18,790 shares of the company's stock were exchanged, compared to its average volume of 405,288. The company has a quick ratio of 1.74, a current ratio of 3.36 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $77.55 and its two-hundred day moving average is $77.09. Boise Cascade has a fifty-two week low of $65.14 and a fifty-two week high of $97.67. The stock has a market cap of $2.83 billion, a P/E ratio of 22.42, a PEG ratio of 1.14 and a beta of 1.23.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company's operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.

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