Boise Cascade (NYSE:BCC – Get Free Report) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Monday, December 2nd will be paid 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 dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, December 2nd.
Boise Cascade has raised its dividend by an average of 20.5% annually over the last three years. Boise Cascade has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Boise Cascade to earn $10.30 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 8.2%.
Boise Cascade Price Performance
BCC stock opened at $147.66 on Friday. Boise Cascade has a 52-week low of $106.38 and a 52-week high of $155.42. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 14.45 and a beta of 1.53. The business has a fifty day moving average of $140.24 and a two-hundred day moving average of $133.40.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BCC. Truist Financial boosted their price target on shares of Boise Cascade from $154.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets lifted their target price on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Bank of America upped their price target on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Loop Capital began coverage on Boise Cascade in a research note on Friday, November 1st. They issued a “buy” rating and a $155.00 price objective for the company. Finally, StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.60.
Check Out Our Latest Stock Analysis on BCC
Boise Cascade Company Profile
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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