Bonanza For Wood Products Maker Boise Cascade Shareholders; Company Declares Special Dividend
Portfolio Pulse from Shivani Kumaresan
Boise Cascade (NYSE:BCC), an engineered wood products company, has declared a quarterly dividend of $0.20 per share and a special dividend of $5.00 per share. The dividends will be paid on December 15, 2023, to stockholders of record on December 1, 2023. The company held $1.1 billion in cash and equivalents as of June 30, 2023. BCC shares closed higher by 1.33% at $90.81 on Thursday.
October 27, 2023 | 11:30 am
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Boise Cascade has declared a quarterly and a special dividend, which will be paid in December 2023. The company's strong cash position supports this payout. BCC shares closed higher by 1.33% at $90.81 on Thursday.
The declaration of both a quarterly and a special dividend indicates the company's strong financial health and its ability to return capital to shareholders. This is likely to be viewed positively by the market, potentially leading to an increase in the stock price. The company's strong cash position further supports this payout. The recent increase in BCC's share price also suggests positive market sentiment.
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