UFP Industries (UFPI) Announces Dividend and New Share Repurchase Authorization

UFP Industries, Inc. (NASDAQ:UFPI) is one of the 8 Best Lumber Stocks to Buy According to Hedge Funds. On July 23, 2025, UFP Industries, Inc. (NASDAQ:UFPI) reported that its Board of Directors declared a quarterly cash dividend of $0.35 per share.

This dividend payment represents an increase of 6% compared to last year. UFP Industries, Inc. (NASDAQ:UFPI) will pay the dividend on September 15, 2025, to shareholders who own the stock as of September 1, 2025.

Previously, on July 24, 2024, UFP Industries, Inc.’s (NASDAQ:UFPI) Board of Directors authorized the repurchase of up to $200 million worth of shares through July 31, 2025. Then, on April 23, 2025, the Board increased the repurchase authorization to $300 million.

As of July 25, 2025, UFP Industries, Inc. (NASDAQ:UFPI) has repurchased about 2.6 million shares for $269.6 million under this authorization.

On July 23, 2025, UFP Industries, Inc.’s (NASDAQ:UFPI) Board of Directors also announced a new share repurchase authorization for up to $300 million through July 31, 2026. This share repurchase authorization replaces the company’s previous repurchase authorization.

UFP Industries, Inc. (NASDAQ:UFPI) is a holding company that manufactures and distributes products for construction, packaging, and industrial applications. It is a major supplier of lumber to the manufactured housing industry. The company is also North America’s largest converter of softwood lumber.

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Disclosure: None. This article is originally published at Insider Monkey.