Release Details

GRAND RAPIDS, Mich., Apr 18, 2008 (BUSINESS WIRE) -- Universal Forest Products, Inc. (Nasdaq: UFPI) today announced a semi-annual dividend of $0.06 per share, payable June 15, 2008 to shareholders of record on June 1, 2008. The dividend was approved by the Company's Board of Directors at their April 16, 2008 meeting. It's the 26th consecutive year the Company has paid a dividend.

"We appreciate and value investors who remain confident in our company, business model and people, and we're working hard under extremely challenging circumstances to make them pleased with their investment," said Executive Chairman William G. Currie. "We look forward to stronger markets and business ahead, and to rewarding our stakeholders with the growth and success that have been hallmarks of our 53-year history."

Headquartered 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 the site-built market, and forms for concrete construction. For 2007, the Company reported more than $2.5 billion in sales. For information about Universal Forest Products, visit www.ufpi.com.

Please be aware that: Any statements included in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are based on the beliefs of the Company's management as well as on assumptions made by, and information currently available to, the Company at the time such statements were made. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, assumptions or events that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: Adverse lumber market trends, competitive activity, negative economic trends, government regulations, and weather. Certain of these risk factors and additional information are included in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

SOURCE: Universal Forest Products

Universal Forest Products, Inc.
Lynn Afendoulis, 616-365-1502
Director, Corporate Communications