Boise Cascade, L.L.C. (NYSE:BCC) Shares Will Pay Quarterly Dividend of $0.23

Boise Cascade, L.L.C. (NYSE:BCC) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.23 per share by the construction company on Wednesday, December 16th. This represents a $0.92 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, December 1st.

Boise Cascade has decreased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Boise Cascade has a payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Boise Cascade to earn $5.23 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 17.6%.

Boise Cascade Stock Up 4.3%

BCC stock opened at $77.76 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.71 and a quick ratio of 1.31. The firm has a market capitalization of $2.71 billion, a PE ratio of 26.36, a P/E/G ratio of 0.97 and a beta of 1.08. Boise Cascade has a 12 month low of $65.00 and a 12 month high of $91.97. The company’s 50 day simple moving average is $76.51 and its 200-day simple moving average is $77.30.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.40. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS. Equities analysts expect that Boise Cascade will post 3.86 earnings per share for the current fiscal year.

About Boise Cascade

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.