UFP Industries, Inc. (NASDAQ:UFPI) Shareholders to Collect $0.36 Quarterly Dividend

Key Points

• UFP Industries declared a $0.36 quarterly dividend, payable December 15 to shareholders of record December 1. The dividend equates to $1.44 annually and a 1.7% yield.
• The company has raised its dividend for five consecutive years, with a current payout ratio of 21.1%. Analysts expect the $1.44 annual dividend to remain well covered by projected earnings.
• UFP Industries recently exceeded quarterly earnings and revenue expectations, reporting $1.48 in EPS and $1.88 billion in revenue. Shares opened at $83.72, while the stock’s 52-week range is $73.72 to $118.00.

UFP Industries, Inc. (NASDAQ:UFPI - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.36 per share by the construction company on Tuesday, December 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 1st.

UFP Industries has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. UFP Industries has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect UFP Industries to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.6%.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $83.72 on Friday. UFP Industries has a fifty-two week low of $73.72 and a fifty-two week high of $118.00. The firm's 50-day simple moving average is $81.64 and its 200 day simple moving average is $85.37. The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.62 billion, a P/E ratio of 19.20 and a beta of 1.22.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.79 billion. Equities analysts expect that UFP Industries will post 4.47 EPS for the current year.

UFP Industries Company Profile

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.

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