UFP Industries announces 20 percent increase in quarterly dividend
GRAND RAPIDS, Mich., Monday, February 1, 2021 – On January 28, 2021, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of 15 cents a share, a 20 percent increase over the quarterly dividend of 12.5 cents a share paid in 2020. The dividend is payable on March 15, 2021, to shareholders of record on March 1, 2021.
“The enhanced dividend reflects the success of our company and the optimism we have in our future,” said Chairman William G. Currie. “Because of our strong cash position, we can pay a larger dividend to our shareholders and, at the same time, invest in growing UFP so it can achieve greater returns in the years to come. We thank our shareholders, many of whom are employees, for investing in UFP and making our success possible.”
UFP Industries, Inc.UFP Industries is a holding company whose operating subsidiaries – UFP Industrial, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Michigan, with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.