UFPI Board approves $0.15 per share quarterly dividend

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By Daniel Webster, dWeb.News

GRAND RAPIDS, Mich., Jul 22, 2021 (GLOBE NEWSWIRE). — At their July 21, 2021 meeting, the Board of Directors of UFP Industries, Inc. (Nasdaq : UFPI), approved a quarterly dividend payment of $0.15 per Share. The dividend will be paid to shareholders who were registered on or before September 15, 2021. “UFP Industries has enjoyed unprecedented growth and the board is confident that its people can continue to execute our strategies, and deliver strong results for the future,” stated Chairman William G. Currie. “Because we have a strong liquidity position and are confident in future earnings and free cash flow, our board voted to increase the dividend payment to $0.15 earlier in the year. We are happy to share this increased dividend with our shareholders, and look forward to delivering even higher returns in the years ahead. UFP Industries announced record net earnings, net sales and earnings per share for its second quarter 2021 on Wednesday, July 21st. These results were the best in company history. UFP Industries, Inc.
UFP Industries is a holding firm whose operating subsidiaries – UFP Industrial and UFP Construction – manufacture, distribute, and sell a wide range of value-added products for residential and commercial construction, packaging, and other industrial applications around the world. The company was founded in 1955 and is headquartered in Grand Rapids (Mich.) with affiliates in North America. Europe, Asia, Australia, and Asia. UFP Industries can be found at http://www.ufpi.com. This press release contains forward looking statements within the meaning Section 21E (amended) of the Securities Exchange Act. These statements are based on management’s beliefs, assumptions and current expectations, estimates, projections and projections about the markets that we serve, the economy, and the Company. Forward-looking statements can be identified by words such as “anticipates,”” “believes,”,” “confident,”,” “estimates,”,” “expects,” and “forecasts,” as well variations thereof. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are hard to predict in terms of timing, extent, likelihood, and degree. Forward-looking statements cannot be updated by the Company to reflect changes in circumstances, events or assumptions that may occur after the date they were made. Actual results may differ materially from those contained in forward-looking statements. Forward-looking statements can be subject to risks and uncertainties. Investors should be aware of these risks. There are many factors that could cause actual results not to be as expected: fluctuations in lumber prices; adverse or unusual weather conditions; adverse conditions in the markets we service; government regulations, especially those involving safety and environmental regulations; and our ability make business acquisitions. These risk factors, along with other factors and additional information, are listed in the Company’s Form 10-K and 10Q reports filed with the Securities and Exchange Commission. —————AT THE COMPANY————— Dick Gauthier
VP, Business Outreach
(616) 365-1555

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This article was authored by Daniel Webster using Artificial Intelligence. To learn more visit https://wordai.com/?ref=0b4438
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