LP Building Solutions Announces Increased Quarterly Dividend

Rhea-AI Summary

On February 17, 2023, LP Building Solutions (NYSE: LPX) announced a quarterly cash dividend increase from $0.22 to $0.24 per share, representing a 9% rise. This dividend is payable on March 31, 2023, to shareholders of record as of March 10, 2023. LP continues to focus on delivering high-performance building solutions and maintaining shareholder value since its inception in 1972.

Positive

• Increased quarterly cash dividend to $0.24 per share, up 9% from previous $0.22.

Negative

• None.

News Market Reaction – LPX

-1.49%

1 alert

-1.49% News Effect

On the day this news was published, LPX declined 1.49%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NASHVILLE, Tenn., Feb. 17, 2023 /PRNewswire/ -- LP Building Solutions ("LP") (NYSE: LPX) today announced that its Board of Directors has declared an increased quarterly cash dividend to common stockholders of $0.24 per share, up 9% from its previous $0.22 per share quarterly dividend. The dividend will be payable March 31, 2023, to stockholders of record as of March 10, 2023.

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, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and LP® TopNotch®350 Durable 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 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

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SOURCE LP Building Solutions

FAQ

What is the new dividend amount declared by LPX?

LPX has declared a new quarterly cash dividend of $0.24 per share.

When will the dividend be paid to LPX shareholders?

The dividend will be paid on March 31, 2023.

What was the previous dividend amount for LPX?

The previous dividend amount was $0.22 per share.

When is the record date for LPX's dividend payment?

The record date for the dividend payment is March 10, 2023.

How much has LPX increased its dividend?

LPX has increased its dividend by 9%.