UFPI Board Approves Semiannual Dividend of $0.40 Per Share
April 16 2015 - 4:05PM
Business Wire
The Universal Forest Products, Inc. (Nasdaq: UFPI) Board of
Directors approved a semiannual dividend payment of $0.40 per share
at their April 15, 2015, meeting. The dividend is payable on June
15, 2015, to shareholders of record on June 1, 2015.
“We can continue to reward those who have invested in our
company and our future, thanks to the results and successes being
created by our dedicated and hard-working employees and to solid
growth strategies,” said Board Chairman William G. Currie. “And we
can do this and still maintain the capital we need to fund our
growth. I am proud of our people and our leadership team. I’m
grateful to our investors and pleased to be able to offer them this
dividend in this, our 60th year of business and success. We intend
to grow and thrive for many more years—and decades—to make our
shareholders of today and tomorrow pleased with their investment in
Universal Forest Products.”
In addition, at the annual shareholder meeting also held on
April 15, 2015, shareholders approved:
- The nominations of four directors:
Louis A. Smith, whose two-year term will expire in 2017, and
Matthew J. Missad, Thomas W. Rhodes, and Brian C. Walker, whose
three-year terms will expire in 2018;
- An increase in the number of shares
available in the Director Retainer Stock Plan;
- Ratification of Deloitte & Touche
LLP as the Company’s independent registered public accounting firm
for fiscal 2015; and
- An advisory vote on executive
compensation.
UNIVERSAL FOREST PRODUCTS, INC.
Universal Forest Products, Inc. is a holding company that
provides capital, management and administrative resources to
subsidiaries that supply wood, wood composite and other products to
three robust markets: retail, construction and
industrial. Founded in 1955, the Company is celebrating its
60th year in business. It is headquartered in Grand Rapids, Mich.,
with affiliates throughout North America and Australia. For more
about Universal Forest Products, go to www.ufpi.com.
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act, as
amended, that are based on management’s beliefs, assumptions,
current expectations, estimates and projections about the markets
we serve, the economy and the Company itself. Words like
“anticipates,” “believes,” “confident,” “estimates,” “expects,”
“forecasts,” “likely,” “plans,” “projects,” “should,” variations of
such words, and similar expressions identify such forward-looking
statements. These statements do not guarantee future performance
and involve certain risks, uncertainties and assumptions that are
difficult to predict with regard to timing, extent, likelihood and
degree of occurrence. The Company does not undertake to update
forward-looking statements to reflect facts, circumstances, events,
or assumptions that occur after the date the forward-looking
statements are made. Actual results could differ materially from
those included in such forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and
uncertainty. Among the factors that could cause actual results to
differ materially from forward-looking statements are the
following: fluctuations in the price of lumber; adverse or unusual
weather conditions; adverse economic conditions in the markets we
serve; government regulations, particularly involving environmental
and safety regulations; and our ability to make successful business
acquisitions. Certain of these risk factors as well as other risk
factors and additional information are included in the Company's
reports on Form 10-K and 10-Q on file with the Securities and
Exchange Commission.
Universal Forest Products, Inc.Lynn AfendoulisDirector,
Corporate Communications(616) 365-1502
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