Boise Cascade Company Shares Quarterly Dividend and Buyback Plans
Boise Cascade Company Declares Quarterly Dividend
Boise Cascade Company (NYSE: BCC) has declared a quarterly dividend of $0.21 per share for its common stockholders. This decision reflects the board of directors' ongoing commitment to returning value to shareholders. The dividend will be disbursed on a specific date to those stockholders recorded by a particular deadline.
Future Dividend Declarations
The future of dividend declarations remains in the hands of the board of directors, who will evaluate various factors and conditions affecting the company's financial health. The amount per share, along with the record and payment dates, are set to depend on legal capital requirements, the company’s operational performance, earnings potential, and financial condition.
Share Repurchase Authorization
In conjunction with the dividend announcement, Boise Cascade’s board has authorized the repurchase of an additional 1.4 million shares of its common stock. Between the beginning of 2024 and the end of October 2024, the company has already repurchased 1.28 million shares, expending around $165 million in the process. This new authorization increases the total repurchase program to approximately 2 million shares, representing about 5% of the company's outstanding shares.
Opportunistic Share Repurchases
The company indicates that share repurchases will be executed as opportunities arise. They may occur through a variety of methods including open market transactions or private negotiations, all conducted in line with federal securities laws. Importantly, the company is under no compulsion to repurchase shares, nor is there a definitive expiration date on the program. The board retains discretion to adjust the number of shares involved or to terminate the initiative whenever necessary.
Understanding Boise Cascade
Boise Cascade stands as a major force in the production of engineered wood products and plywood across North America. They also occupy a significant place as a wholesale distributor of building products within the U.S. Their commitment to innovation and efficiency solidifies their reputation in the industry.
Recent Developments
Recently, Boise Cascade has worked diligently to expand its market presence and product offerings. The focus remains steadfast on meeting customer demands and enhancing production capabilities. The company’s strategies address various factors influencing operational success, ultimately aiming for sustained growth and shareholder value.
Frequently Asked Questions
What is the amount of the declared quarterly dividend by Boise Cascade?
The company has declared a quarterly dividend of $0.21 per share for its common stockholders.
When will the declared dividend be paid?
The dividend is set to be paid on a specific date to stockholders of record by a defined deadline.
How many shares has Boise Cascade repurchased recently?
Boise Cascade has repurchased approximately 1.28 million shares between January 1, 2024, and October 30, 2024.
What is the total share repurchase authorization now?
The total share repurchase authorization has been increased to approximately 2 million shares following the latest board decision.
How does Boise Cascade plan to repurchase shares?
The company plans to repurchase shares on an opportunistic basis, utilizing various methods aligned with federal securities laws.
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