Boise Cascade, L.L.C. (BCC) to Issue Quarterly Dividend of $0.23 on December 16th

Boise Cascade, L.L.C. (NYSE:BCC) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.23 per share by the construction company on Wednesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 1st.

Boise Cascade has decreased its dividend by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 6 years. Boise Cascade has a dividend payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Boise Cascade to earn $5.23 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 17.6%.

Boise Cascade Stock Performance

BCC opened at $78.66 on Friday. The stock has a market cap of $2.74 billion, a PE ratio of 26.66, a P/E/G ratio of 1.01 and a beta of 1.08. The company has a current ratio of 2.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. Boise Cascade has a 1 year low of $65.00 and a 1 year high of $91.97. The stock’s 50 day simple moving average is $76.45 and its 200-day simple moving average is $77.28.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.40. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a return on equity of 5.41% and a net margin of 1.64%. Boise Cascade’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. Sell-side analysts forecast that Boise Cascade will post 3.86 EPS for the current year.

Insider Activity at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 1,930 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $163,239.40. Following the sale, the director directly owned 13,982 shares in the company, valued at $1,182,597.56. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jill Twedt sold 1,250 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.40, for a total value of $99,250.00. Following the completion of the sale, the senior vice president owned 25,295 shares in the company, valued at $2,008,423. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd boosted its stake in Boise Cascade by 162.5% in the third quarter. Covestor Ltd now owns 504 shares of the construction company’s stock worth $38,000 after purchasing an additional 312 shares in the last quarter. Nykredit A S bought a new stake in shares of Boise Cascade during the second quarter worth $69,000. Signaturefd LLC increased its stake in shares of Boise Cascade by 16.3% in the third quarter. Signaturefd LLC now owns 1,000 shares of the construction company’s stock valued at $74,000 after buying an additional 140 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Boise Cascade by 19.0% in the third quarter. GAMMA Investing LLC now owns 1,164 shares of the construction company’s stock valued at $86,000 after buying an additional 186 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Boise Cascade by 309.3% in the third quarter. Farther Finance Advisors LLC now owns 2,431 shares of the construction company’s stock valued at $180,000 after buying an additional 1,837 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Company Profile

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.