LP Building Solutions Announces Increased Quarterly Dividend

Rhea-AI Summary

LP Building Solutions (NYSE: LPX) has declared a cash dividend of $0.18 per share, reflecting a mid-year increase of $0.02 or 13%. The dividend will be payable on September 1, 2021, to shareholders of record by August 10, 2021. This decision underscores the company's commitment to providing value to its shareholders while maintaining its position as a leader in the engineered wood products market.

Positive

• Dividend increase of $0.02 per share or 13%, signaling company confidence and profitability.

Negative

• None.

NASHVILLE, Tenn., July 30, 2021 /PRNewswire/ -- LP Building Solutions ("LP") (NYSE: LPX) today announced that its Board of Directors has declared a cash dividend to common shareholders of $0.18 per share, a mid-year increase of $0.02 per share or 13%. The dividend will be payable September 1, 2021 to shareholders of record as of August 10, 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, 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 Louisiana-Pacific Corporation

FAQ

What is the latest dividend amount declared by LPX?

LPX has declared a dividend of $0.18 per share.

When will the dividend for LPX be paid?

The dividend will be paid on September 1, 2021.

When is the record date for the LPX dividend?

The record date for the dividend is August 10, 2021.

What does the recent dividend increase for LPX signify?

The recent increase of 13% indicates the company’s strong financial performance and commitment to shareholders.