Business
UFP Industries announces quarterly dividend of $0.25 per share
- Dividend represents a 25 percent increase over the dividend paid in March 2022 - GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- On February 3, 2023, the Board of
About this update from Ufp Industries, Inc.
[{"type":"text","content":"\n- Dividend represents a 25 percent increase over the dividend paid in March 2022 -\n\n GRAND RAPIDS, Mich.--(BUSINESS WIRE)--\n\nOn February 3, 2023, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.25 per share, a 25 percent increase over the quarterly dividend of $0.20 per share paid in March 2022. The dividend is payable on March 15, 2023, to shareholders of record on March 1, 2023.\n\n“This enhanced dividend reflects our strong performance and the confidence we have in our growth strategy and balanced business model, which serves many diverse yet complementary markets,” said Chairman and CEO Matthew J. Missad. “Our strong cash flow not only allows us to invest in growing UFP Industries to achieve even greater returns, but to share our success with shareholders through these dividends. We thank our shareholders, many of whom are employees, for making this success possible.”\n\nUFP Industries, Inc.\n\nUFP Industries is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction, and UFP Retail Solutions – manufacture, distribute, and sell a wide variety of value-added products used in residential and commercial construction, packaging, and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia, and Australia. UFP Industries is ranked #401 on the Fortune 500 and #149 on Industry Week’s list of America’s Largest Manufacturers. For more about UFP Industries, go to http://www.ufpi.com.\n\nThis 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-l...