Louisiana-Pacific Corporation (NYSE:LPX) Shareholders to Get $0.30 Quarterly Dividend

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.30 per share by the building manufacturing company on Friday, December 4th. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 20th.

Louisiana-Pacific has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 7 years. Louisiana-Pacific has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Louisiana-Pacific to earn $2.86 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 42.0%.

Louisiana-Pacific Price Performance

LPX opened at $77.08 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.75 and a quick ratio of 1.67. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 78.66, a P/E/G ratio of 6.04 and a beta of 1.67. The firm’s fifty day moving average price is $68.79 and its two-hundred day moving average price is $75.10. Louisiana-Pacific has a 1 year low of $62.18 and a 1 year high of $100.34.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.21 by $0.18. The company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $671.27 million. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, analysts anticipate that Louisiana-Pacific will post 1.14 earnings per share for the current fiscal year.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.