Release Details

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Universal Forest Products, Inc. (Nasdaq: UFPI) today announced a semiannual dividend of $0.06 per share, payable on December 15, 2008, to shareholders of record on December 1, 2008. The dividend was approved by the Company's board of directors at their October 15, 2008, meeting. It marks the 26th consecutive year the Company has paid a dividend.

"In these turbulent times, we believe it's critical to show our appreciation to the shareholders who have maintained their confidence and investment in Universal," said Executive Chairman William G. Currie. "We're honored to have earned their trust and we're working hard to keep it."

"CEO Mike Glenn and his leadership and management teams are doing all the right things to grow our success and position Universal well for the future," Currie added. "Thanks to their leadership, to the hard work of the people of Universal, and to our shareholders, we'll come through these challenging times a stronger company and ready for new opportunities for sustainable growth."

Headquartered in Grand Rapids, Mich., Universal Forest Products markets, manufactures and engineers wood and wood-alternative products for DIY/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