Boise Cascade, L.L.C. (NYSE:BCC) Shareholders to Receive $0.23 Quarterly Dividend

Boise Cascade, L.L.C. (NYSE:BCC) declared a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, December 1st will be given a dividend of $0.23 per share by the construction company on Wednesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, December 1st.

Boise Cascade has decreased its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 6 years. Boise Cascade has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Boise Cascade to earn $5.23 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 17.6%.

Boise Cascade Stock Up 4.3%

Shares of NYSE:BCC opened at $77.76 on Friday. The business has a fifty day moving average of $76.51 and a two-hundred day moving average of $77.30. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.71 billion, a P/E ratio of 26.36, a PEG ratio of 0.97 and a beta of 1.08. Boise Cascade has a 52-week low of $65.00 and a 52-week high of $91.97.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.40. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $1.64 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Boise Cascade will post 3.86 earnings per share for the current year.

Boise Cascade Company Profile

Boise Cascade Company is a U.S.-based manufacturer of engineered wood products and a wholesale distributor of building materials. Headquartered in Boise, Idaho, the company serves the residential construction, repair and remodeling, and industrial sectors primarily across the United States.

Through its Wood Products segment, Boise Cascade manufactures laminated veneer lumber, I-joists, laminated strand lumber, plywood, and other engineered wood products used in floors, roofs, walls, and structural applications.