Universal Forest Stock To Go Ex-dividend Tomorrow (UFPI)

NEW YORK ( TheStreet) -- The ex-dividend date for Universal Forest Products (Nasdaq: UFPI) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $37.97 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Universal Forest has been 109,700 shares per day over the past 30 days. Universal Forest has a market cap of $737.6 million and is part of the industrial goods sector and materials & construction industry. Shares are up 21.2% year to date as of the close of trading on Friday.

Universal Forest Products, Inc., through its subsidiaries, engineers, manufactures, treats, distributes, and installs lumber, composite wood, plastic, and other building products for the DIY/retail, site-built construction, manufactured housing, and industrial markets. The company has a P/E ratio of 59.4, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Universal Forest as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Universal Forest Ratings Report.

See our dividend calendar or top-yielding stocks list.
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