Boise Cascade (BCC) Declares $0.15 Dividend

Boise Cascade said on May 4, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.

Shares must be purchased before the ex-div date of May 31, 2023 to qualify for the dividend. Shareholders of record as of June 1, 2023 will receive the payment on June 15, 2023.

At the current share price of $70.14 / share, the stock's dividend yield is 0.86%.

Looking back five years and taking a sample every week, the average dividend yield has been 4.20%, the lowest has been 0.58%, and the highest has been 10.80%. The standard deviation of yields is 2.62 (n=237).

The current dividend yield is 1.27 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 2.29%, demonstrating that it has increased its dividend over time.

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What is the Fund Sentiment?

There are 739 funds or institutions reporting positions in Boise Cascade. This is an increase of 30 owner(s) or 4.23% in the last quarter. Average portfolio weight of all funds dedicated to BCC is 0.28%, an increase of 55.08%. Total shares owned by institutions decreased in the last three months by 0.82% to 43,802K shares. The put/call ratio of BCC is 0.55, indicating a bullish outlook.

Analyst Price Forecast Suggests 4.41% Upside

As of April 24, 2023, the average one-year price target for Boise Cascade is 73.24. The forecasts range from a low of 64.64 to a high of $87.15. The average price target represents an increase of 4.41% from its latest reported closing price of 70.14.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Boise Cascade is 7,315MM, a decrease of 3.82%. The projected annual non-GAAP EPS is 8.68.

What are Other Shareholders Doing?

IJR - iShares Core S&P Small-Cap ETF holds 2,923K shares representing 7.38% ownership of the company. In it's prior filing, the firm reported owning 2,887K shares, representing an increase of 1.25%. The firm increased its portfolio allocation in BCC by 6.39% over the last quarter.

Macquarie Group holds 2,082K shares representing 5.26% ownership of the company. In it's prior filing, the firm reported owning 2,152K shares, representing a decrease of 3.34%. The firm increased its portfolio allocation in BCC by 7.57% over the last quarter.

DCCAX - Delaware Small Cap Core Fund holds 1,574K shares representing 3.97% ownership of the company. In it's prior filing, the firm reported owning 1,543K shares, representing an increase of 1.97%. The firm decreased its portfolio allocation in BCC by 6.71% over the last quarter.

Acadian Asset Management holds 1,245K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 1,288K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in BCC by 0.57% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,198K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 1,175K shares, representing an increase of 1.94%. The firm increased its portfolio allocation in BCC by 8.76% over the last quarter.

Boise Cascade Background Information
(This description is provided by the company.)

Boise Cascade Company is a focused company with a proven track record of providing quality wood products and a nationwide building materials distribution network for its customers. The Company is well-positioned to deliver value to its investors by managing its businesses to balance all the facets of true sustainability – social, environmental, and economic. The Company manufactures engineered wood products, plywood, lumber, and particleboard and distributes a broad line of building materials, including wood products manufactured by the company.

This story originally appeared on Fintel.