UFPI Declares Cash Dividend

Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock at $51.56 are trading 55 percent higher than its 52-week low. Zacks Investment Research reports the company’s 2013 forecasted earnings growth at 81.78 percent compared to an industry average of only 14.7 percent. As MHProNews knows, UFPI provides wood and wood-like products to the manufactured housing and recreational vehicle industries.

(Photo credit: woodworkingnetwork–Ovations, UFPI’s composite wood)

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