Boise Cascade Company Announces Quarterly Dividend of $0.15 Per Share

Rhea-AI Summary

Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.15 per share, payable on March 15, 2023, to stockholders of record as of February 22, 2023. Future dividends will be determined by the Board of Directors based on various factors, including the company's financial condition and legal requirements. Boise Cascade is a major producer of engineered wood products and plywood in North America and a significant wholesale distributor of building products.

Positive

• Quarterly dividend of $0.15 per share announced.
• Dividend demonstrates confidence in the company's financial health.

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 $0.15 per share to holders of its common stock. The dividend will be paid on March 15, 2023 to stockholders of record on February 22, 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/20230207006011/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 (NYSE: BCC)?

Boise Cascade has declared a quarterly dividend of $0.15 per share.

When will the dividend for Boise Cascade be paid?

The dividend will be paid on March 15, 2023.

What is the record date for Boise Cascade's dividend payment?

The record date for the dividend payment is February 22, 2023.

Are future dividends guaranteed for Boise Cascade (NYSE: BCC)?

Future dividends are not guaranteed and will depend on various factors as determined by the Board of Directors.