LP Building Solutions Announces Quarterly Dividend

Rhea-AI Summary

LP Building Solutions (NYSE: LPX) has declared a quarterly cash dividend of $0.22 per share to common stockholders. This dividend is scheduled for payment on December 1, 2022, and is available to stockholders of record as of November 9, 2022. The company, based in Nashville, Tennessee, is recognized as a leader in engineered wood building products, operating 22 plants in the U.S., Canada, Chile, and Brazil.

Positive

• Quarterly cash dividend of $0.22 per share enhances shareholder income.
• Dividend payment scheduled for December 1, 2022, reflects company confidence.

Negative

• None.

NASHVILLE, Tenn., Oct. 28, 2022 /PRNewswire/ -- LP Building Solutions ("LP") (NYSE: LPX) today announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.22 per share. The dividend will be payable December 1, 2022, to stockholders of record as of November 9, 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, LP^® FlameBlock^® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and LP^® TopNotch^®350 Durable 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 22 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 dividend amount declared by LP Building Solutions for 2022?

LP Building Solutions has declared a dividend of $0.22 per share.

When will the dividend be payable to LPX stockholders?

The dividend will be payable on December 1, 2022.

What date is the record for the dividend payment of LP Building Solutions?

Stockholders of record will be on November 9, 2022.

How often does LP Building Solutions pay dividends?

LP Building Solutions pays dividends quarterly.

Is the dividend of LP Building Solutions sustainable?

The sustainability of the dividend can be evaluated based on the company's financial performance, which is not detailed in the press release.