LP Building Solutions Boosts Dividend by 8%

By Tamara Parker • Friday, February 14 15:14 • Permanent Link

LP Building Solutions (NYSE: LPX) has announced an 8% increase in its quarterly cash dividend to common stockholders, raising it to $0.28 per share from the previous $0.26 per share. The dividend is set to be payable on March 13, 2025, to stockholders of record as of February 27, 2025.

LP Building Solutions, known for its high-performance building solutions, manufactures engineered wood products catering to builders, remodelers, and homeowners globally. Its product portfolio includes siding solutions such as LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®, as well as LP® Structural Solutions like LP® TechShield® Radiant Barrier, LP WeatherLogic® Air and Water Barrier, LP Legacy® Premium Sub-Flooring, LP NovaCore® Thermal Insulated Sheathing, LP® FlameBlock® Fire-Rated Sheathing, and LP® TopNotch® 350 Durable Sub-Flooring, and Oriented Strand Board (OSB).

The company, founded in 1972, operates 22 plants across the U.S., Canada, Chile, and Brazil, aiming to help customers construct durable homes while providing lasting value to shareholders. Today the company's shares have moved 0.1% to a price of $112.42. If you want to know more, read the company's complete 8-K report here.

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