Boise Cascade Company (BCC) will raise its quarterly dividend by 11.1 percent to $0.10 per share in 2019. This follows last year’s 28.6 percent dividend increase to 9 cents quarterly. The company will also pay a supplemental dividend of $1.00 per share.

Both dividends, for a total amount of $1.10 per share, will be paid on December 16, 2019 to stockholders of record on December 2, 2019. The regular annual dividend of 40 cents yields 1.1% at a stock price of $35.

Boise Cascade is a producer of engineered wood products and plywood in North America and a U.S. wholesale distributor of building products.The company’s line of products is used primarily in new residential construction, residential repair-and-remodeling projects, light commercial construction, and industrial applications. Boise Cascade customers include retail lumberyards, home improvement centers, leading wholesalers, specialty distributors, and industrial converters. The company was founded in 1957.