Boise Cascade Company Announces 5% Quarterly Dividend Increase and Special Dividend
Boise Cascade Company (NYSE: BCC) has announced a 5% increase in its quarterly dividend to $0.21 per share, along with a special dividend of $5.00 per share. Both dividends will be paid on September 16, 2024 to stockholders of record as of September 3, 2024. This move demonstrates the company's commitment to returning value to shareholders. However, future dividend declarations will depend on various factors, including legal capital requirements, financial conditions, and restrictions imposed by the company's credit facility and senior notes indenture. The Board of Directors will consider these factors when making future dividend decisions.
Boise Cascade Company (NYSE: BCC) ha annunciato un aumento del 5% del suo dividendo trimestrale a $0.21 per azione, insieme a un dividendo straordinario di $5.00 per azione. Entrambi i dividendi saranno distribuiti il 16 settembre 2024 agli azionisti registrati al 3 settembre 2024. Questa mossa dimostra l'impegno dell'azienda a restituire valore agli azionisti. Tuttavia, le dichiarazioni future sui dividendi dipenderanno da vari fattori, inclusi i requisiti di capitale legale, le condizioni finanziarie e le restrizioni imposte dalla linea di credito dell'azienda e dall'indenture delle note senior. Il Consiglio di Amministrazione prenderà in considerazione questi fattori quando prenderà decisioni sui dividendi futuri.
Boise Cascade Company (NYSE: BCC) ha anunciado un aumento del 5% en su dividendo trimestral a $0.21 por acción, junto con un dividendo especial de $5.00 por acción. Ambos dividendos se pagarán el 16 de septiembre de 2024 a los accionistas registrados a partir del 3 de septiembre de 2024. Este movimiento demuestra el compromiso de la empresa de retornar valor a los accionistas. Sin embargo, las futuras declaraciones de dividendos dependerán de varios factores, incluyendo los requisitos de capital legal, las condiciones financieras y las restricciones impuestas por la línea de crédito de la empresa y el contrato de las notas senior. El Consejo de Administración considerará estos factores al tomar decisiones sobre dividendos futuros.
보이즈 캐스케이드 컴퍼니 (NYSE: BCC)는 분기 배당금을 5% 인상하여 주당 $0.21로 하며, 주당 $5.00의 특별 배당금을 추가로 발표했습니다. 두 배당금 모두 2024년 9월 16일에 2024년 9월 3일 기준 주주에게 지급될 예정입니다. 이러한 조치는 주주에게 가치를 반환하려는 회사의 의지를 보여줍니다. 그러나 향후 배당금 지급은 법적 자본 요건, 재무 조건 및 회사의 신용 시설과 시니어 노트 계약에서 부과되는 제한 사항을 포함한 다양한 요소에 따라 달라질 것입니다. 이사회는 미래의 배당금 결정 시 이러한 요소들을 고려할 것입니다.
Boise Cascade Company (NYSE: BCC) a annoncé une augmentation de 5 % de son dividende trimestriel à 0,21 $ par action, ainsi qu'un dividende exceptionnel de 5,00 $ par action. Les deux dividendes seront versés le 16 septembre 2024 aux actionnaires enregistrés à la date du 3 septembre 2024. Cette décision démontre l'engagement de l'entreprise à restituer de la valeur aux actionnaires. Cependant, les déclarations de dividendes futurs dépendront de divers facteurs, y compris les exigences légales de capital, les conditions financières et les restrictions imposées par la ligne de crédit de l'entreprise et l'indenture des notes senior. Le conseil d'administration tiendra compte de ces facteurs lors de ses décisions concernant les dividendes futurs.
Boise Cascade Company (NYSE: BCC) hat eine Erhöhung der vierteljährlichen Dividende um 5% auf $0.21 pro Aktie angekündigt, sowie eine sonstige Dividende von $5.00 pro Aktie. Beide Dividenden werden am 16. September 2024 an die zum 3. September 2024 eingetragenen Aktionäre ausgezahlt. Diese Maßnahme zeigt das Engagement des Unternehmens, den Aktionären einen Mehrwert zu bieten. Zukünftige Dividendenerklärungen hängen jedoch von verschiedenen Faktoren ab, darunter gesetzliche Kapitalanforderungen, finanzielle Bedingungen und Beschränkungen, die durch die Kreditfazilität des Unternehmens und das Senior Notes Indentures auferlegt werden. Der Aufsichtsrat wird diese Faktoren bei zukünftigen Dividendensmaßnahmen berücksichtigen.
- 5% increase in quarterly dividend to $0.21 per share
- Special dividend of $5.00 per share announced
- Total dividend payout of $5.21 per share for this quarter
- Future dividends subject to various financial and legal constraints
- Potential impact on cash reserves due to special dividend
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
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of our management and are subject to significant risks and uncertainties. The accuracy of such statements is subject to a number of risks, uncertainties, and assumptions that could cause our actual results to differ materially from those projected, including, but not limited to, prices for building products, changes in the competitive position of our products, commodity input costs, the effect of general economic conditions, mortgage rates and availability, housing demand, housing vacancy rates, governmental regulations, unforeseen production disruptions, as well as natural disasters. These and other factors that could cause actual results to differ materially from such 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.
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Investor Relations Contact
Chris Forrey
investor@bc.com
Media Contact
Amy Evans
mediarelations@bc.com
Source: Boise Cascade Company
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