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Boise Cascade Company Announces Quarterly Dividend of $0.10 Per Share

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Rhea-AI Summary

Boise Cascade Company (NYSE: BCC) announced a quarterly dividend of $0.10 per share, payable on June 15, 2021 to shareholders on record as of June 1, 2021. Future dividends will be determined by the Board of Directors based on legal requirements, company performance, and other financial conditions. Boise Cascade is a major manufacturer of engineered wood products and plywood in North America and a key distributor of building products.

Positive
  • Quarterly dividend of $0.10 per share announced, reflecting income for shareholders.
  • Solid positioning as a leading producer of engineered wood products and building products distributor.
Negative
  • Future dividends depend on various uncertain factors including legal capital requirements and overall financial condition.

Boise Cascade Company’s (Boise Cascade or the Company) (NYSE: BCC) Board of Directors has declared a quarterly dividend of $0.10 per share to holders of its common stock. The dividend will be paid on June 15, 2021 to stockholders of record on June 1, 2021.

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, contractual obligations, 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.

FAQ

What is the dividend amount for Boise Cascade (BCC) in 2021?

Boise Cascade declared a dividend of $0.10 per share.

When will Boise Cascade's dividend be paid?

The dividend will be paid on June 15, 2021.

When is the record date for Boise Cascade's dividend?

The record date for the dividend is June 1, 2021.

What factors influence future dividends for Boise Cascade (BCC)?

Future dividends will depend on legal capital requirements, the company's operations and earnings, and other financial conditions.

Boise Cascade Company

NYSE:BCC

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5.53B
38.07M
0.88%
100.36%
2.55%
Building Materials
Wholesale-lumber & Other Construction Materials
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United States of America
BOISE