LP Building Solutions Announces Quarterly Dividend

Rhea-AI Summary

LP Building Solutions (NYSE: LPX) has declared a cash dividend of $0.16 per share, set to be paid on June 1, 2021. Shareholders of record as of May 17, 2021 will receive the dividend. This decision reflects LP's commitment to providing returns to its shareholders while continuing to operate as a leader in high-performance building solutions. The company manufactures a wide range of engineered wood products and has a robust operational footprint across the U.S., Canada, Chile, and Brazil.

Positive

• Declared a cash dividend of $0.16 per share for June 1, 2021.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

NASHVILLE, Tenn., April 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 $0.16 per share. The dividend will be payable June 1, 2021 to shareholders of record as of May 17, 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. Its extensive offerings include innovative and dependable building products and accessories, such as LP^® SmartSide^® Trim & Siding, LP Structural Solutions portfolio (LP WeatherLogic^® Air & Water Barrier, LP Legacy^® Premium Sub-Flooring, LP^® TechShield^® Radiant Barrier, LP^® FlameBlock^® Fire-Rated Sheathing and more), oriented strand board (OSB), LP^® TopNotch^® Sub-Flooring, LP, LP^® Outdoor Building Solutions^®, and LP Elements^® Performance Fencing. In addition to product solutions, LP provides industry-leading service and warranties. Since its founding in 1972, LP has been Building a Better World^™ by helping customers construct beautiful, durable homes. 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:http://www.prnewswire.com/news-releases/lp-building-solutions-announces-quarterly-dividend-301280859.html

SOURCE Louisiana-Pacific Corporation

FAQ

What is the dividend amount declared by LP Building Solutions?

LP Building Solutions declared a cash dividend of $0.16 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 1, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is May 17, 2021.

How often does LP Building Solutions pay dividends?

LP Building Solutions pays dividends quarterly.

Is the dividend from LP Building Solutions sustainable?

The sustainability of dividends typically depends on the company's financial performance and cash flow; LP has a history of providing returns to shareholders.