LP Building Solutions Announces Increased Quarterly Dividend
LP Building Solutions (NYSE: LPX) announced a 22% increase in its quarterly cash dividend to $0.22 per share, up from $0.18.
Sentiment and the balance of points
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Rhea-AI Summary
LP Building Solutions (NYSE: LPX) announced a 22% increase in its quarterly cash dividend to $0.22 per share, up from $0.18. This dividend will be payable on March 14, 2022 to shareholders of record as of February 28, 2022. The increase reflects the company's commitment to delivering value to its shareholders. LP Building Solutions is recognized for its high-performance engineered wood building products, contributing to sustainable construction practices.
Positive
- Quarterly dividend increased by 22% to $0.22 per share.
- Strong commitment to returning value to shareholders.
Negative
- None.
Details
News Market Reaction – LPX
The recorded move for LPX in the trading session of this news was +1.68%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NASHVILLE, Tenn., Feb. 18, 2022 /PRNewswire/ -- LP Building Solutions ("LP") (NYSE: LPX) today announced that its Board of Directors has declared an increased quarterly cash dividend to common shareholders of
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, and LP® FlameBlock® Fire-Rated Sheathing and more), LP® TopNotch® 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 25 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.
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SOURCE LP Building Solutions
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