Universal Forest Products, Inc. Announces Semi-Annual Dividend

Apr 20, 2001, 01:00 ET from Universal Forest Products, Inc.

    GRAND RAPIDS, Mich., April 20 /PRNewswire Interactive News Release/
 -- Universal Forest Products, Inc. (Nasdaq: UFPI) today announced a semi-
 annual dividend of $0.04 per share, payable on June 15, 2001 to shareholders
 of record as of June 1, 2001.  The company has paid an annual cash dividend
 since 1983, a semi-annual dividend since 1990, and has increased its dividend
 in each of the past six years.
     "We continue to be focused on our 'Performance 2002' objectives and their
 positive impact on shareholder value," said Peter F. Secchia, UFPI's chairman
 of the board.  "In spite of recent economic challenges, we have made positive
 progress with each of our previously announced goals, and have every
 confidence that we will reach our targeted objectives.  As a result, we are
 returning a modest percentage of our earnings to our shareholders as a
 dividend, while retaining a majority of our earnings to pursue our growth
 objectives."
     The company's previously announced 'Performance 2002' goals are:
       *  $2 billion in annual sales
       *  Leader in four key markets
       *  50% revenue from higher margin value added products
       *  50% net margin growth
       *  Return on capital consistently exceeding cost of capital
 
     Universal Forest Products(R) markets, manufactures, and engineers products
 for D-I-Y retail home centers, structural lumber products for the manufactured
 housing industry, engineered wood components for the site-built construction
 market and specialty wood packaging for various industries.  For information
 about Universal Forest Products(R) on the Internet, please contact the
 company's investor relations web site at www.ufpi.com , or call 888-Buy-UFPI.
     Included in this report are certain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and Section
 21E of the Securities Exchange Act of 1934, as amended.  Such forward-looking
 statements are based on the beliefs of the Company's management as well as on
 assumptions made by and information currently available to the Company at the
 time such statements were made.  Actual results could differ materially from
 those included in such forward-looking statements.  Investors are cautioned
 that all forward-looking statements involve risks and uncertainty.  Among the
 factors that could cause actual results to differ materially are the
 following: Adverse lumber market trends, competitive activity, negative
 economic trends, government regulations, and weather.  These risk factors and
 additional information are included in the company's reports on Form 10K and
 10Q on file with the Securities and Exchange Commission.
 
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                http://tbutton.prnewswire.com/prn/11690X88675561
 
 

SOURCE Universal Forest Products, Inc.
    GRAND RAPIDS, Mich., April 20 /PRNewswire Interactive News Release/
 -- Universal Forest Products, Inc. (Nasdaq: UFPI) today announced a semi-
 annual dividend of $0.04 per share, payable on June 15, 2001 to shareholders
 of record as of June 1, 2001.  The company has paid an annual cash dividend
 since 1983, a semi-annual dividend since 1990, and has increased its dividend
 in each of the past six years.
     "We continue to be focused on our 'Performance 2002' objectives and their
 positive impact on shareholder value," said Peter F. Secchia, UFPI's chairman
 of the board.  "In spite of recent economic challenges, we have made positive
 progress with each of our previously announced goals, and have every
 confidence that we will reach our targeted objectives.  As a result, we are
 returning a modest percentage of our earnings to our shareholders as a
 dividend, while retaining a majority of our earnings to pursue our growth
 objectives."
     The company's previously announced 'Performance 2002' goals are:
       *  $2 billion in annual sales
       *  Leader in four key markets
       *  50% revenue from higher margin value added products
       *  50% net margin growth
       *  Return on capital consistently exceeding cost of capital
 
     Universal Forest Products(R) markets, manufactures, and engineers products
 for D-I-Y retail home centers, structural lumber products for the manufactured
 housing industry, engineered wood components for the site-built construction
 market and specialty wood packaging for various industries.  For information
 about Universal Forest Products(R) on the Internet, please contact the
 company's investor relations web site at www.ufpi.com , or call 888-Buy-UFPI.
     Included in this report are certain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and Section
 21E of the Securities Exchange Act of 1934, as amended.  Such forward-looking
 statements are based on the beliefs of the Company's management as well as on
 assumptions made by and information currently available to the Company at the
 time such statements were made.  Actual results could differ materially from
 those included in such forward-looking statements.  Investors are cautioned
 that all forward-looking statements involve risks and uncertainty.  Among the
 factors that could cause actual results to differ materially are the
 following: Adverse lumber market trends, competitive activity, negative
 economic trends, government regulations, and weather.  These risk factors and
 additional information are included in the company's reports on Form 10K and
 10Q on file with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X88675561
 
 SOURCE  Universal Forest Products, Inc.

RELATED LINKS

http://www.ufpinc.com