Louisiana-Pacific Corporation (NYSE:LPX) Shareholders to Collect $0.30 Quarterly Dividend

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, November 20th will be given a dividend of $0.30 per share by the building manufacturing company on Friday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 20th.

Louisiana-Pacific has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 7 years. Louisiana-Pacific has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $2.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.0%.

Louisiana-Pacific Trading Down 2.2%

Shares of LPX opened at $77.08 on Friday. The company has a 50-day moving average of $68.79 and a 200 day moving average of $75.10. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 6.04 and a beta of 1.67. Louisiana-Pacific has a 1-year low of $62.18 and a 1-year high of $100.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.75 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. Louisiana-Pacific had a return on equity of 4.84% and a net margin of 2.72%. The business had revenue of $691.00 million for the quarter, compared to the consensus estimate of $671.27 million. During the same period last year, the business posted $0.36 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Louisiana-Pacific will post 1.14 EPS for the current year.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.