LP Building Solutions Announces Increased Quarterly Dividend

Rhea-AI Summary

LP Building Solutions (NYSE: LPX) announced a 10% increase in its quarterly cash dividend to $0.16 per share, up from $0.145. This dividend will be payable on March 8, 2021 to shareholders of record as of February 22, 2021. The increase reflects the company's commitment to returning value to shareholders amid growth in its engineered wood products sector.

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• Increased quarterly cash dividend to $0.16 per share, indicating strong financial health and commitment to shareholders.

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NASHVILLE, Tenn., Feb. 12, 2021 /PRNewswire/ -- LP Building Solutions (LP, NYSE: LPX) today announced that its Board of Directors has declared an increased quarterly cash dividend to common shareholders of $0.16 per share, up 10% from its previous $0.145 per share quarterly dividend. The cash dividend will be payable March 8, 2021 to shareholders of record as of February 22, 2021.

About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders worldwide. Its extensive offerings include innovative and dependable building products and accessories, such as LP^® SmartSide^® Trim & Siding, the LP Structural Solutions portfolio (LP WeatherLogic^® Air & Water Barrier, LP Legacy^® Premium Sub-Flooring, LP^® TechShield^® Radiant Barrier, LP^® FlameBlock^® Fire-Rated Sheathing and more), oriented strand board (OSB), LP^® TopNotch^® Sub-Flooring, LP^® Outdoor Building Solutions^®, and LP Elements^® Performance Fencing. In addition to product solutions, LP provides industry-leading service and warranties. Since its founding in 1972, LP has been Building a Better World^™ by helping customers construct beautiful, durable homes. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

 

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SOURCE LP Building Solutions

FAQ

What is the new dividend amount for LPX shareholders?

The new dividend amount is $0.16 per share.

When will the dividend be paid to LPX shareholders?

The dividend will be paid on March 8, 2021.

What was the previous dividend amount for LPX?

The previous dividend amount was $0.145 per share.

What date must I hold LPX shares to receive the dividend?

You must hold LPX shares as of February 22, 2021, to receive the dividend.

How much has the dividend increased for LPX?

The dividend has increased by 10%.