Boise Cascade, L.L.C. (BCC) to Issue Quarterly Dividend of $0.22 on June 17th

Boise Cascade, L.L.C. (NYSE:BCC) declared a quarterly dividend on Thursday, April 30th. Investors of record on Monday, June 1st will be given a dividend of 0.22 per share by the construction company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, June 1st.

Boise Cascade has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Boise Cascade has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Boise Cascade to earn $5.49 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 16.0%.

Boise Cascade Stock Performance

BCC stock opened at $78.27 on Friday. The company has a quick ratio of 1.74, a current ratio of 3.36 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $77.55 and its two-hundred day simple moving average is $77.09. Boise Cascade has a twelve month low of $65.14 and a twelve month high of $97.67. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.14 and a beta of 1.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BCC. Salomon & Ludwin LLC purchased a new stake in shares of Boise Cascade in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Boise Cascade by 231.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp increased its holdings in Boise Cascade by 77.5% during the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 179 shares during the period. Hantz Financial Services Inc. raised its stake in Boise Cascade by 1,071.4% in the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after buying an additional 450 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Boise Cascade in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.

About Boise Cascade

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.