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 paid a dividend of 0.22 per share by the construction company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 1st.

Boise Cascade has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 6 years. Boise Cascade has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Boise Cascade to earn $5.42 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 16.2%.

Boise Cascade Stock Down 0.5%

Shares of NYSE:BCC opened at $69.98 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.05 and a beta of 1.15. The company has a quick ratio of 1.37, a current ratio of 2.77 and a debt-to-equity ratio of 0.24. Boise Cascade has a 12-month low of $65.00 and a 12-month high of $95.00. The business has a fifty day simple moving average of $74.46 and a 200 day simple moving average of $76.81.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Boise Cascade had a return on equity of 5.55% and a net margin of 1.73%.Boise Cascade’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Analysts predict that Boise Cascade will post 3.67 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson lowered their price objective on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Truist Financial set a $97.00 price objective on Boise Cascade in a research report on Wednesday, May 6th. Wall Street Zen raised Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. The Goldman Sachs Group lifted their price objective on Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Boise Cascade Company Profile

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.