Louisiana-Pacific Corporation (LPX) to Issue Quarterly Dividend of $0.30 on March 13th

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Friday, February 13th. Investors of record on Friday, February 27th will be given a dividend of 0.30 per share by the building manufacturing company on Friday, March 13th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a 7.1% increase from Louisiana-Pacific’s previous quarterly dividend of $0.28.

Louisiana-Pacific has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 7 years. Louisiana-Pacific has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 17.2%.

Louisiana-Pacific Trading Down 3.2%

LPX stock traded down $2.74 during mid-day trading on Wednesday, reaching $82.54. 911,245 shares of the stock traded hands, compared to its average volume of 1,242,906. Louisiana-Pacific has a one year low of $73.42 and a one year high of $103.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. The stock has a market capitalization of $5.76 billion, a PE ratio of 39.48 and a beta of 1.81. The business has a 50-day moving average price of $87.92 and a two-hundred day moving average price of $88.25.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business had revenue of $567.00 million during the quarter, compared to analysts’ expectations of $589.96 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. Equities research analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.