Boise Cascade (BCC) To Go Ex-Dividend on December 2nd

by · The Cerbat Gem

Boise Cascade (NYSE:BCC – Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Monday, December 2nd will be given a dividend of 0.21 per share by the construction company on Wednesday, December 18th. This represents a $0.84 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, December 2nd.

Boise Cascade has raised its dividend by an average of 20.5% per year over the last three years. Boise Cascade has a dividend payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Boise Cascade to earn $10.50 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 8.0%.

Boise Cascade Trading Up 1.5 %

BCC stock traded up $2.02 during trading on Friday, hitting $135.05. The company had a trading volume of 34,360 shares, compared to its average volume of 307,031. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 11.61 and a beta of 1.52. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $136.11 and a 200-day moving average price of $132.66. Boise Cascade has a 12 month low of $99.11 and a 12 month high of $154.67.

Boise Cascade (NYSE:BCC – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.16. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. Boise Cascade had a return on equity of 20.17% and a net margin of 6.60%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $3.67 earnings per share. As a group, analysts predict that Boise Cascade will post 9.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America increased their price target on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Loop Capital began coverage on Boise Cascade in a report on Friday. They set a “buy” rating and a $155.00 price objective for the company. The Goldman Sachs Group decreased their price target on shares of Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Truist Financial boosted their price objective on shares of Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $139.60.

Get Our Latest Analysis on Boise Cascade

Boise Cascade Company Profile

(Get Free Report)

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.

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