UFPI Board approves semiannual dividend of $0.20 per share
October 24 2019 - 3:05PM
The Board of Directors for Universal Forest Products, Inc. (Nasdaq:
UFPI), soon to be UFP Industries, Inc., approved a semiannual
dividend payment of $0.20 per share at their October 23, 2019,
meeting. The dividend is payable on December 15, 2019, to
shareholders of record on December 1, 2019.
“I’m thankful for the support of our shareholders, including the
many UFPI employees who are invested in our Company and our
future,” said Chairman William G. Currie. “I am happy to share the
rewards of our success with them through this dividend. We take
their investment seriously and are working hard to share even
greater rewards in the years to come.”
On Wednesday, October 23, 2019, the Company announced record net
earnings for the third quarter of 2019.
UNIVERSAL FOREST PRODUCTS, INC.
Universal Forest Products, Inc., soon to be known as UFP
Industries, Inc., is a holding company whose subsidiaries supply
wood, wood composite and other products to three robust markets:
retail, construction and industrial. Founded in 1955, the
Company is headquartered in Grand Rapids, Mich., with affiliates
throughout North America, Europe, Asia and Australia. For more, go
to www.ufpi.com.
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act, as
amended, that are based on management’s beliefs, assumptions,
current expectations, estimates and projections about the markets
we serve, the economy and the Company itself. Words like
“anticipates,” “believes,” “confident,” “estimates,” “expects,”
“forecasts,” “likely,” “plans,” “projects,” “should,” variations of
such words, and similar expressions identify such forward-looking
statements. These statements do not guarantee future performance
and involve certain risks, uncertainties and assumptions that are
difficult to predict with regard to timing, extent, likelihood and
degree of occurrence. The Company does not undertake to update
forward-looking statements to reflect facts, circumstances, events,
or assumptions that occur after the date the forward-looking
statements are made. Actual results could differ materially from
those included in such forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty. Among the factors that could cause actual results to
differ materially from forward-looking statements are the
following: fluctuations in the price of lumber; adverse or unusual
weather conditions; adverse economic conditions in the markets we
serve; government regulations, particularly involving environmental
and safety regulations; and our ability to make successful business
acquisitions. Certain of these risk factors as well as other risk
factors and additional information are included in the Company's
reports on Form 10-K and 10-Q on file with the Securities and
Exchange Commission.
---------------AT THE COMPANY---------------
Brandon FroyslandDirector of Finance(616) 365-1589
UFP Industries (NASDAQ:UFPI)
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