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Article: Strong Financial Position Leads UFPI to Largest Dividend Increase in Its History.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Universal Forest Products, Inc. (Nasdaq: UFPI) announced that its Board of Directors approved an increase in its Dec. 15, 2009, dividend, to $0.20 per share, at their Oct. 15, 2009, meeting. It marks the 27th consecutive year the Company has paid a dividend and represents the largest increase in its history. The dividend is payable to shareholders of record on Dec. 1, 2009.
The Company also announced the appointment of Bruce Merino, former senior vice president of merchandising for The Home Depot and president of Depot's Expo Design Center, to its Board of Directors, effective Oct. 15, 2009.
"Given our strong financial position and our optimism for the ...