LP Building Solutions Announces Increased Quarterly Dividend

Rhea-AI Summary

LP Building Solutions (NYSE: LPX) announced a 22% increase in its quarterly cash dividend to $0.22 per share, up from $0.18. This dividend will be payable on March 14, 2022 to shareholders of record as of February 28, 2022. The increase reflects the company's commitment to delivering value to its shareholders. LP Building Solutions is recognized for its high-performance engineered wood building products, contributing to sustainable construction practices.

Positive

• Quarterly dividend increased by 22% to $0.22 per share.
• Strong commitment to returning value to shareholders.

Negative

• None.

NASHVILLE, Tenn., Feb. 18, 2022 /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 $0.22 per share, up 22% from its previous $0.18 per share quarterly dividend. The dividend will be payable March 14, 2022 to shareholders of record as of February 28, 2022.

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, remodelers, and homeowners worldwide. LP's extensive offerings include innovative and dependable building products and accessories, such as Siding Solutions (LP^® SmartSide^® Trim & Siding, LP^® SmartSide^® ExpertFinish^® Trim & Siding, LP BuilderSeries^® Lap Siding, and LP^® Outdoor Building Solutions^®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing and more), LP^® TopNotch^® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World^™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. 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 $0.22 per share.

When will the dividend be paid for LPX?

The dividend will be paid on March 14, 2022.

What is the record date for the LPX dividend?

The record date for the dividend is February 28, 2022.

How much was the previous dividend for LP Building Solutions?

The previous dividend was $0.18 per share.