Louisiana-Pacific Corporation (LPX) to Distribute Quarterly Dividend of $0.30 on August 28th

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

Louisiana-Pacific has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 7 years. Louisiana-Pacific has a 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

Louisiana-Pacific stock traded down $2.08 during midday trading on Wednesday, reaching $73.44. 94,053 shares of the company’s stock were exchanged, compared to its average volume of 1,149,726. The stock’s 50-day simple moving average is $75.20 and its 200 day simple moving average is $77.34. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 92.95, a P/E/G ratio of 10.53 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. Louisiana-Pacific has a 52 week low of $66.12 and a 52 week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data 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 company had revenue of $665.00 million during the quarter, compared to analyst estimates of $667.31 million. During the same period in the prior year, the firm earned $0.99 earnings per share. Louisiana-Pacific’s revenue was down 12.1% on a year-over-year basis. On average, analysts expect that Louisiana-Pacific will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Company Profile

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.