UFP Industries, Inc. Approves Quarterly Dividend, Payable on June 17, 2024
April 30, 2024 at 08:00 am EDT
Share
On April 24, 2024, the Board of Directors for UFP Industries, Inc. approved a quarterly dividend payment of $0.33 per share, a 32% increase over the quarterly dividend of $0.25 per share paid in June 2023. The dividend is payable on June 17, 2024, to shareholders of record on June 3, 2024.
UFP Industries, Inc. is a holding company with subsidiaries throughout North America, Europe, Asia, and Australia that designs, manufactures, and supplies products made from wood, composites, and other materials. The Company's segments include Retail, Packaging and Construction. Its Retail Solutions segment is comprised of business units, such as ProWood, Sunbelt, Deckorators and UFP-Edge. Retail Solutions segment is focused on distinct product offerings, which are grouped by brands and business units. Packaging segment is comprised of business units, such as Structural Packaging, PalletOne, and Protective Packaging Solutions. Construction segment is comprised of business units, such as Factory-Built Housing, Site-Built Construction, Commercial Construction, and Concrete Forming. Its ProWood business units manufactures and sells treated lumber products, including decking, fencing, and lattice, as well as decorative and functional lawn and garden products to building products retailers.