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 May 26, 2022, to stockholders on record as of May 12, 2022. This dividend reflects the company's commitment to returning value to its shareholders while maintaining a strong operational performance in the building solutions sector. LP Building Solutions, headquartered in Nashville, operates 25 plants across multiple countries, producing engineered wood products and innovative building solutions.

Positive

• Quarterly cash dividend of $0.22 per share enhances shareholder returns.
• Demonstrates LP's ongoing commitment to returning value to shareholders.

Negative

• None.

NASHVILLE, Tenn., April 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 May 26, 2022, to stockholders of record as of May 12, 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 25 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.  

View original content to download multimedia:https://www.prnewswire.com/news-releases/lp-building-solutions-announces-quarterly-dividend-301534841.html

SOURCE LP Building Solutions

FAQ

When is the dividend payment date for LPX?

The dividend payment date for LPX is May 26, 2022.

What is the amount of the quarterly dividend declared by LP Building Solutions?

The quarterly dividend declared by LP Building Solutions is $0.22 per share.

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

The record date for the LP Building Solutions dividend is May 12, 2022.

How often does LP Building Solutions pay dividends?

LP Building Solutions pays dividends quarterly.

What is the significance of the dividend announcement for LPX investors?

The dividend announcement indicates LP's strong financial health and commitment to shareholder returns.