Boise Cascade Company Announces 33% Quarterly Dividend Increase

Rhea-AI Summary

Boise Cascade Company (BCC) Increases Quarterly Dividend by 33% to $0.20 per Share

Positive

• The 33% increase in the quarterly dividend reflects the company's confidence in its financial position and future prospects.
• The Board of Directors' commitment to rewarding shareholders through increased dividends signals stability and potential growth for Boise Cascade.

Negative

• None.

BOISE, Idaho--(BUSINESS WIRE)-- Boise Cascade Company’s (Boise Cascade or the Company) (NYSE: BCC) Board of Directors has declared a quarterly dividend of $0.20 per share, an increase of $0.05 per share or 33%, to holders of its common stock. The dividend will be paid on September 15, 2023 to stockholders of record on September 1, 2023.

Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company’s future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and other factors as the board of directors may deem relevant.

About Boise Cascade

Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com.

Forward-Looking Statements

This press release contains statements that are “forward looking” within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual events to differ from the expectations expressed in this release. Factors that could cause actual events to differ materially from forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230727533992/en/

Investor Relations Contact

Kelly Hibbs

Office 208-384-3638

Media Contact

Lisa Tschampl

Office 208-384-6552

Source: Boise Cascade Company

FAQ

What is the new quarterly dividend for Boise Cascade Company?

The new quarterly dividend for Boise Cascade Company is $0.20 per share, reflecting a 33% increase from the previous dividend.

When will the dividend be paid to stockholders?

The dividend will be paid on September 15, 2023, to stockholders of record on September 1, 2023.

What factors will determine future dividend declarations by the board of directors?

Future dividend declarations will depend on legal capital requirements, the company's future operations and earnings, general financial condition, material cash requirements, and other relevant factors as deemed by the board of directors.