Boise Cascade Company Announces Quarterly and Supplemental Dividends

Rhea-AI Summary

Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.12 per share, along with a supplemental dividend of $2.50 per share. These dividends are set to be paid on June 15, 2022 to stockholders of record on June 1, 2022. The company's future dividend declarations will rely on various factors including legal capital requirements, future operations and earnings, and financial conditions.

Boise Cascade is a major producer of engineered wood products and plywood in North America, and a leading distributor of building products in the U.S.

Positive

• Quarterly dividend of $0.12 per share declared.
• Supplemental dividend of $2.50 per share announced.
• Demonstrates confidence in financial stability and cash reserves.

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 $0.12 per share, as well as a supplemental dividend of $2.50 per share, to holders of its common stock. The dividends will be paid on June 15, 2022 to stockholders of record on June 1, 2022.

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/20220505006118/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 dividend amount declared by Boise Cascade (BCC)?

Boise Cascade has declared a quarterly dividend of $0.12 per share and a supplemental dividend of $2.50 per share.

When will the dividends for Boise Cascade be paid?

The dividends will be paid on June 15, 2022, to stockholders of record on June 1, 2022.

What factors influence future dividend declarations for Boise Cascade?

Future dividend declarations will depend on legal capital requirements, the company's future operations and earnings, financial condition, and other relevant factors.