UFP Industries, Inc. (UFPI) To Go Ex-Dividend on September 1st

UFP Industries, Inc. (NASDAQ:UFPI) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.36 per share by the construction company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

UFP Industries has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 5 years. UFP Industries has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect UFP Industries to earn $5.39 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 26.7%.

UFP Industries Stock Up 0.8%

Shares of UFP Industries stock opened at $86.01 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.98. UFP Industries has a 52-week low of $77.89 and a 52-week high of $118.00. The company’s 50 day moving average price is $88.28 and its 200-day moving average price is $90.67. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.73 and a beta of 1.23.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.79 billion. UFP Industries had a net margin of 3.99% and a return on equity of 8.00%. Equities research analysts forecast that UFP Industries will post 4.51 EPS for the current year.

About UFP Industries

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.