Louisiana-Pacific Corporation (NYSE:LPX) Increases Dividend to $0.30 Per Share

Louisiana-Pacific Corporation (NYSE:LPX) announced a quarterly dividend on Friday, February 13th. Investors of record on Friday, February 27th will be paid a dividend of 0.30 per share by the building manufacturing company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a 7.1% increase from Louisiana-Pacific’s previous quarterly dividend of $0.28.

Louisiana-Pacific has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Louisiana-Pacific has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Louisiana-Pacific to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 17.2%.

Louisiana-Pacific Trading Down 3.1%

Shares of LPX traded down $2.63 during mid-day trading on Wednesday, reaching $82.66. The company had a trading volume of 831,761 shares, compared to its average volume of 1,240,637. The firm has a fifty day simple moving average of $87.92 and a 200-day simple moving average of $88.25. Louisiana-Pacific has a fifty-two week low of $73.42 and a fifty-two week high of $103.25. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 39.55 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. On average, sell-side analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.