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UFPI board approves semiannual dividend of $0.40 per share

Thursday, April 16, 2015

GRAND RAPIDS, Mich., April 16, 2015 – 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.