Boise Cascade Company Announces Quarterly Dividend of $0.10 Per Share

Rhea-AI Summary

Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.10 per share for its common stock. The dividend is scheduled for payment on March 15, 2021, to stockholders recorded as of February 22, 2021. Future dividends will be contingent on various factors, including legal capital requirements, the company’s financial health, and operational performance. Boise Cascade is a significant player in engineered wood products and plywood in North America, also engaged in wholesale distribution of building products.

Positive

• Quarterly dividend of $0.10 per share reinforces company’s commitment to returning value to shareholders.
• Effective management allows for future dividend declarations based on financial health.

Negative

• Future dividends are subject to numerous uncertainties, which may affect sustainability.
• Legal capital requirements and contractual restrictions may limit dividend payments.

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 March 15, 2021 to stockholders of record on February 22, 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 restrictions 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/20210205005455/en/

FAQ

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

The dividend amount is $0.10 per share.

When will the dividend be paid to shareholders of BCC?

The dividend will be paid on March 15, 2021.

What is the record date for the upcoming dividend of Boise Cascade?

The record date for the upcoming dividend is February 22, 2021.

How often does Boise Cascade declare dividends?

Dividends are declared quarterly, but future amounts depend on various financial factors.

What factors influence Boise Cascade's future dividend payments?

Future dividends depend on legal capital requirements, operational performance, and general financial condition.