Louisiana-Pacific Corporation (NYSE:LPX) Declares Quarterly Dividend of $0.28

Key Points

• Louisiana-Pacific Corporation will issue a quarterly dividend of $0.28 per share on August 29, with an ex-dividend date of August 15, reflecting an annual yield of 1.2%.
• The company reported earnings of $1.27 per share for the last quarter, exceeding estimates, and has a positive earnings outlook with a projected earnings per share of $5.27 for the current fiscal year.
• Approximately 94.73% of Louisiana-Pacific's shares are owned by institutional investors and hedge funds, indicating strong institutional support for the company's stock.

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.28 per share by the building manufacturing company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th.

Louisiana-Pacific has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 17.2%.

Louisiana-Pacific Stock Down 0.4%

Shares of NYSE:LPX traded down $0.36 on Friday, reaching $92.18. The company had a trading volume of 124,430 shares, compared to its average volume of 728,881. Louisiana-Pacific has a twelve month low of $78.82 and a twelve month high of $122.87. The stock has a 50-day moving average price of $89.81 and a 200 day moving average price of $94.15. The stock has a market capitalization of $6.41 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.60 and a beta of 1.80. The company has a quick ratio of 1.59, a current ratio of 2.84 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%. The company had revenue of $755.00 million during the quarter, compared to analysts' expectations of $751.15 million. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The business's quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.