MRO Magazine

UFPI Board Approves Five Percent Increase in Semi-Annual Dividend Payment


October 15, 2015
By Business Wire News

GRAND RAPIDS, Mich.

Universal Forest Products, Inc. (Nasdaq: UFPI) today announced a five percent increase to its semiannual dividend payment, to $0.42 per share, payable on December 15, 2015 to shareholders of record on December 1, 2015. The dividend payment was approved by its Board of Directors on October 14, 2015.

“Our success is built on the trust and investment our shareholders have placed in us, and it is our honor to return capital to them,” said Chairman William G. Currie. “In this third quarter of our 60th year in business, we are pleased to share our record-breaking success with our esteemed shareholders in a manner that drives value for them and maintains our ability to pursue our growth goals.”

UNIVERSAL FOREST PRODUCTS, INC.

Universal Forest Products, Inc. is a holding company with subsidiaries throughout North America and in Australia that supply wood, wood composite and other products to three robust markets: retail, construction and industrial. The Company is headquartered in Grand Rapids, Mich., and is celebrating its 60th year in business. For more information about Universal Forest Products, Inc., or its affiliated operations, go to www.ufpi.com.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself. Words like “anticipates,” “believes,” “confident,” “estimates,” “expects,” “forecasts,” “likely,” “plans,” “projects,” “should,” variations of such words, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: fluctuations in the price of lumber; adverse or unusual weather conditions; adverse economic conditions in the markets we serve; government regulations, particularly involving environmental and safety regulations; and our ability to make successful business acquisitions. Certain of these risk factors as well as other risk factors and additional information are included in the Company’s reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

Universal Forest Products
Lynn Afendoulis, (616) 365-1502
Director, Corporate Communications