Doman Building Materials Group Declares 60th Consecutive Dividend
Doman Building Materials Group Continues Dividend Tradition
Doman Building Materials Group Ltd. is proud to announce an exciting milestone. The Board of Directors has declared a quarterly dividend, marking the 60th consecutive quarter of dividends. This commitment reflects the company's dedication to its shareholders and solidifies its reliable performance in the building materials industry.
Details of the Quarterly Dividend
The dividend has been set at $0.14 per share. Shareholders will receive their dividends on April 15. The record date for this dividend payment is March 31. This announcement is particularly noteworthy, as Doman continues to demonstrate financial strength and consistency in delivering value to its investors.
Effective Operational Strategy
Doman's operational strategy focuses on being Canada’s only fully integrated national distributor in building materials and related products. By operating across Canada and expanding into the United States, Doman leverages a comprehensive distribution network that ensures steady supply and supports growth initiatives.
A Glimpse into Doman's Operations
Founded in 1989 and headquartered in Vancouver, Doman Building Materials Group has positioned itself as a leader in the sector. The Company operates multiple treating plants and distribution centres across major cities in Canada and the United States. With facilities strategically located across both countries, Doman can efficiently meet market demand for its extensive range of products.
Doman's Canadian operations include Doman Building Materials Canada and Doman Treated Wood Canada. The latter focuses on producing high-quality treated wood products, essential for various construction and building projects. In the U.S., Doman Lumber operates 21 treating plants and additional facilities, including sawmills and planing operations, providing a diverse product offering and competitive service.
Expanding Markets and Services
Doman's reach goes beyond Canadian borders. With a significant presence in the United States, Doman services multiple regions, including central and eastern U.S. states. The Company’s subsidiary, Honsador Building Products Group, services several locations in Hawaii, providing products to support building needs across the islands.
The approach of managing private timberlands and forest licenses aligns with Doman’s strategy to ensure sustainability and responsible sourcing of materials in its operations. This commitment not only emphasizes environmental responsibility but also reinforces Doman's position in the market.
Commitment to Shareholders
With a consistent history of dividend payments, Doman Building Materials Group Ltd. demonstrates its strong market position and financial resilience. Investors can feel confident in the ongoing growth and profitability of the Company as it navigates an evolving industry landscape.
For More Information
For additional details on Doman's operations, financial performance, and updated investor-related information, visit the Company’s website. You can also access SEDAR+ to review official filings and disclosures that provide further insights into Doman's strategic direction.
Contact Information:
For inquiries regarding investment and company updates, reach out to Ali Mahdavi, Investor Relations, at 416-962-3300 or via email at ali.mahdavi@domanbm.com.
Frequently Asked Questions
What is the amount of the declared dividend by Doman?
The declared dividend is $0.14 per share.
When will the dividend be paid?
The dividend will be paid on April 15 to shareholders of record as of March 31.
How long has Doman paid dividends?
Doman has a tradition of paying dividends for 60 consecutive quarters.
Where is Doman Building Materials Group headquartered?
Doman is headquartered in Vancouver, British Columbia.
What positions does Doman hold in the market?
Doman is recognized as Canada’s only fully integrated national distributor in the building materials sector.
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