UFP Industries, Inc. (NASDAQ:UFPI) Shares Will Pay Quarterly Dividend of $0.36

UFP Industries, Inc. (NASDAQ:UFPI) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 1st will be paid a dividend of $0.36 per share by the construction company on Tuesday, December 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 1st.

UFP Industries has raised its dividend by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. UFP Industries has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect UFP Industries to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.6%.

UFP Industries Stock Performance

UFPI stock opened at $83.72 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 2.64. The company has a 50 day moving average price of $81.64 and a 200 day moving average price of $85.37. UFP Industries has a fifty-two week low of $73.72 and a fifty-two week high of $118.00. The stock has a market capitalization of $4.62 billion, a PE ratio of 19.20 and a beta of 1.22.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.79 billion. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%. Analysts forecast that UFP Industries will post 4.47 EPS for the current year.

UFP Industries Company Profile

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.