Louisiana-Pacific Corporation (NYSE:LPX) Declares Quarterly Dividend of $0.30

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Friday, July 31st. Investors of record on Friday, August 14th will be paid a dividend of 0.30 per share by the building manufacturing company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 14th.

Louisiana-Pacific has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Louisiana-Pacific has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $3.36 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 35.7%.

Louisiana-Pacific Trading Down 2.8%

Shares of Louisiana-Pacific stock traded down $2.13 on Wednesday, reaching $73.39. 22,986 shares of the company were exchanged, compared to its average volume of 1,149,378. The stock has a fifty day moving average price of $75.20 and a 200-day moving average price of $77.34. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 92.59, a price-to-earnings-growth ratio of 10.53 and a beta of 1.62. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a fifty-two week low of $66.12 and a fifty-two week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The company had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $667.31 million. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, analysts expect that Louisiana-Pacific will post 1.17 EPS for the current year.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.