Universal Forest Products Announces Increase in Its Cash Dividend
GRAND RAPIDS, Mich., Apr 27, 2006 (BUSINESS WIRE) -- Universal Forest Products, Inc. (Nasdaq:UFPI) today announced a semi-annual dividend of $0.055 per share, up from $0.05 per share for the same period last year, payable June 15, 2006 to shareholders of record on June 1, 2006.
The Company has increased its dividend in each of the past 13 years. The dividend was approved by the Company's Board of Directors at their April 19, 2006 meeting.
"We're honored to share our success with investors who have placed their trust in us and we intend to continue to make them pleased with their investment," said Universal Executive Chairman and CEO William G. Currie.
Based in Grand Rapids, MI, Universal Forest Products markets, manufactures and engineers wood and wood-alternative products for D-I-Y retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market and specialty wood packaging for various industries. The company also provides framing services for site-built construction customers. Universal Forest Products has approximately 9,500 employees and more than 100 facilities throughout North America. The company had 2005 sales of nearly $2.7 billion. For more information about Universal Forest Products, go to http://www.ufpi.com , or call 888-Buy-UFPI.
SOURCE: Universal Forest Products, Inc.
Universal Forest Products, Inc. Lynn Afendoulis, 616/365-1502