UFPI Board Approves Semiannual Dividend of $0.42 Per Share
April 21 2016 - 4:05PM
The Universal Forest Products, Inc. (Nasdaq:UFPI) Board of
Directors approved a semiannual dividend payment of $0.42 per share
at their April 20, 2016, meeting. The dividend is payable on June
15, 2016, to shareholders of record on June 1, 2016.
“It is extremely rewarding to share our success with those who
invest and believe in us, and to offer this semiannual dividend as
a reflection of our strong performance,” said Chairman William G.
Currie. “Our goal has been to create value for our shareholders
while retaining adequate capital to execute strategies for growth,
and that’s exactly how we’re positioned. And we’re hard at work,
trying to break records—again—so we can continue to grow our value
for all of our stakeholders.”
UNIVERSAL FOREST PRODUCTS, INC. Universal
Forest Products, Inc. is a holding company that provides capital,
management and administrative resources to subsidiaries that supply
three robust markets: retail, construction and industrial.
Founded in 1955, the Company 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.
Lynn Afendoulis
Director, Corporate Communications
(616) 365-1502
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