Louisiana-Pacific Corporation Declares Quarterly Dividend of $0.30 (NYSE:LPX)

Key Points

• Louisiana-Pacific declared a quarterly dividend of $0.30 per share, payable August 28 to shareholders of record on August 14. The dividend implies an annualized payout of $1.20 and a 1.6% yield.
• The company has raised its dividend for seven consecutive years, with a current payout ratio of 22.1%, suggesting earnings comfortably cover the distribution.
• Louisiana-Pacific’s latest quarterly results fell short of expectations: EPS was $0.40 versus the $0.56 consensus, while revenue declined 12.1% year over year to $665 million.

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.30 per share by the building manufacturing company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th.

Louisiana-Pacific has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 7 years. Louisiana-Pacific has a dividend payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.7%.

Louisiana-Pacific Stock Performance

LPX stock traded down $2.13 on Wednesday, reaching $73.39. The company's stock had a trading volume of 22,986 shares, compared to its average volume of 1,149,378. Louisiana-Pacific has a 52 week low of $66.12 and a 52 week high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. The company has a market capitalization of $5.13 billion, a P/E ratio of 92.59, a price-to-earnings-growth ratio of 10.53 and a beta of 1.62. The firm has a fifty day moving average of $75.20 and a two-hundred day moving average of $77.34.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $667.31 million. During the same period in the previous year, the firm earned $0.99 EPS. The firm's revenue was down 12.1% on a year-over-year basis. As a group, analysts predict that Louisiana-Pacific will post 1.17 EPS for the current fiscal year.

About Louisiana-Pacific

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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