UFPI announces increase in semi-annual dividend payment
20 October 2016 - 7:44AM
Universal Forest Products, Inc. (Nasdaq:UFPI) today announced a
seven percent increase to its semiannual dividend payment, to $0.45
per share, payable on December 15, 2016, to shareholders of record
on December 1, 2016. The dividend payment was approved by the UFPI
Board of Directors on October 18, 2016. This is the 33rd year
the Company has paid a dividend.
“There aren’t many things that are more rewarding than sharing
our success with those who make it possible, including the
shareholders who place their trust in us,” said Chairman William G.
Currie. “Today, the people of Universal are working hard to
continue Universal’s success and ensure our shareholders remain
pleased with their investment in our company.”
On Tuesday, October 18, 2016, UFPI posted record third-quarter
results, including net earnings attributable to controlling
interest of $27.8 million, an increase of 8.9 percent over the same
period of 2015, on net sales of $826.7 million – also a record for
the third quarter and an increase of 8.7 percent over 2015.
UNIVERSAL FOREST PRODUCTS, INC. Universal
Forest Products, Inc. is a holding company that provides capital,
management and administrative resources to subsidiaries in three
robust markets: retail, construction and industrial. Founded in
1955, the Company is headquartered in Grand Rapids, Mich., with
affiliates throughout North America, Europe, Asia and Australia.
For more about Universal Forest Products, go to www.ufpi.com.
This 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-looking statements to reflect facts, circumstances, events,
or assumptions that occur after the date the forward-looking
statements are made. Actual results could differ materially from
those included in such forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty. Among the factors that could cause actual results to
differ materially from forward-looking statements are the
following: fluctuations in the price of lumber; adverse or unusual
weather conditions; adverse economic conditions in the markets we
serve; government regulations, particularly involving environmental
and safety regulations; and our ability to make successful business
acquisitions. Certain of these risk factors as well as other risk
factors and additional information are included in the Company's
reports on Form 10-K and 10-Q on file with the Securities and
Exchange Commission.
Lynn Afendoulis, Director, Corporate Communications
(616) 365-1502
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