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, payable on September 1, 2022, to shareholders on record as of August 18, 2022. This announcement reflects LP's ongoing commitment to returning value to its investors. The company, known for its high-performance building products, continues to strengthen its market position and provides a steady income stream for shareholders through these dividends.

Positive

• Quarterly dividend of $0.22 per share enhances shareholder value.
• Demonstrates LP's financial stability and commitment to returning cash to investors.

Negative

• None.

NASHVILLE, Tenn., Aug. 5, 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 September 1, 2022, to stockholders of record as of August 18, 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, LP NovaCore™ Thermal Insulated 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 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 quarterly dividend of $0.22 per share.

When is the dividend payment date for LPX stockholders?

The dividend will be payable on September 1, 2022.

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

The record date for the dividend is August 18, 2022.

How often does LP Building Solutions pay dividends?

LP Building Solutions pays dividends quarterly.

Is the dividend from LP Building Solutions sustainable?

The declaration of a quarterly dividend indicates financial stability, but further analysis of future company earnings is needed to assess sustainability.