Louisiana-Pacific Corporation (NYSE:LPX) Shares Set to Pay Quarterly Dividend of $0.30

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 20th will be given a dividend of $0.30 per share by the building manufacturing company on Friday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 20th.

Louisiana-Pacific has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Louisiana-Pacific has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $2.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.0%.

Louisiana-Pacific Price Performance

LPX stock opened at $77.08 on Friday. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 65.68, a P/E/G ratio of 6.04 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.75 and a quick ratio of 1.67. The company has a 50 day simple moving average of $68.79 and a 200 day simple moving average of $75.10. Louisiana-Pacific has a 1 year low of $62.18 and a 1 year high of $100.34.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $671.27 million. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Research analysts anticipate that Louisiana-Pacific will post 1.14 EPS for the current fiscal year.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.