Boise Cascade, L.L.C. (BCC) To Go Ex-Dividend on February 23rd

Boise Cascade, L.L.C. (NYSE:BCC) declared a quarterly dividend on Friday, February 6th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.22 per share by the construction company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, February 23rd.

Boise Cascade has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Boise Cascade has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Boise Cascade to earn $11.90 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 7.4%.

Boise Cascade Stock Down 2.8%

NYSE BCC traded down $2.39 on Friday, reaching $81.99. The company had a trading volume of 455,100 shares, compared to its average volume of 347,307. The company has a quick ratio of 1.69, a current ratio of 3.10 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $81.34 and its 200 day moving average is $78.94. Boise Cascade has a 52-week low of $65.14 and a 52-week high of $121.00. The stock has a market capitalization of $3.04 billion, a P/E ratio of 16.20 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BCC shares. Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $95.00 price target on shares of Boise Cascade in a research report on Thursday, November 20th. Truist Financial lifted their price target on Boise Cascade from $88.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Boise Cascade presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.83.

Boise Cascade Company Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.