Semiannual Dividend Declared by UFPI

MHProNews has learned from Universal Forest Products Inc. (UFPI) has declared a $0.21 per share semiannual dividend payable Sunday, Dec. 15th to shareholders of record Dec. 1, 2013. UFPI’s previous semiannual dividend was $0.20. On Oct. 23 analysts at Zacks upgraded shares of UFPI from “neutral” to “outperform” rating with a $59.00 price target on the stock. Meanwhile, on Oct. 17 DA Davidson analysts downgraded shares of UFPI from a “buy” rating to a “neutral” rating with a price target of $52.00. Universal is a component supplier of wood and wood-alternative products to the manufactured housing industry.

(Photo credit: Universal Forest Products, Inc.)

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