Boise Cascade, L.L.C. (NYSE:BCC) Raises Dividend to $0.23 Per Share

Boise Cascade, L.L.C. (NYSE:BCC) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.23 per share by the construction company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. This is a 4.5% increase from Boise Cascade’s previous quarterly dividend of $0.22.

Boise Cascade has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 6 years. Boise Cascade has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Boise Cascade to earn $5.53 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 15.9%.

Boise Cascade Stock Down 2.9%

Boise Cascade stock opened at $75.45 on Friday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.07 and a beta of 1.08. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. Boise Cascade has a twelve month low of $65.00 and a twelve month high of $91.97. The stock’s fifty day simple moving average is $73.58 and its 200-day simple moving average is $76.97.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business posted $1.06 earnings per share. Boise Cascade’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Boise Cascade will post 3.83 earnings per share for the current fiscal year.

About Boise Cascade

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.