UFP Industries announces new dividend schedule and quarterly dividend

利记盘口Monday, February 3, 2020

UFP Industries announces new dividend schedule and quarterly dividend
- Dividend increases 25 percent -

GRAND RAPIDS, Mich., Monday, Feb. 3, 2020 – On January 30, 2020, the Board of Directors of UFP Industries (Nasdaq: UFPI), formerly Universal Forest Products, approved changing the frequency of its dividend payments from semi-annual to quarterly. The board also approved a quarterly cash dividend of 12.5 cents a share payable on March 15, 2020, to shareholders of record on March 1, 2020. This quarterly dividend represents a prorated 25 percent increase over the dividend paid in December 2019.

“The hard-working people of UFP Industries have been producing excellent results, and we’re thrilled to share the rewards of their success with shareholders by increasing the dividend payment and the frequency of payments,” said Chairman William G. Currie. “We thank our shareholders, many of whom are employees, for investing in UFPI and making our success possible.”