Louisiana-Pacific Corporation (LPX) will raise its quarterly dividend by another 12.5 percent to 18 cents per share in 2021. This comes after a 10.3 percent to $0.145 per share earlier in 2021. This marks the 3rd consecutive year of dividend increases.

The dividend will be payable September 1, 2021 to shareholders of record as of August 10, 2021. The dividend yield is 1.1% at a stock price of $55.50.

As a proven leader in high-performance building solutions, LP Building Solutions manufactures uniquely engineered, innovative building products that meet the demands and needs of the building industry. Its extensive product portfolio includes durable and dependable exterior siding and trim systems, engineered wood framing and structural panels for single-family homes, multifamily projects, repair & remodel markets, light commercial facilities and outdoor buildings. LP also provides industry leading service and warranties to help customers build smarter, better and faster. Founded in 1973, LP is a global company headquartered in Nashville, Tennessee, and traded on the New York Stock Exchange under LPX.