BCC
🪵 Boise Cascade operates in two main segments: wood products and building materials distribution.
🏘️ The distribution segment has grown 9% annually since 2013, driven by high demand in the multifamily market.
✅ Maintains margins above pre-pandemic levels despite current challenges from high interest rates.
💰 Pays special dividends annually, with a recent total annualized yield of 4% including a special dividend of $3 per share.
@rankia:
“Boise Cascade Company, with a market capitalization of around $5.7 billion, focuses on construction materials. Founded in the 1950s, BCC has grown consistently, increasing its revenues at an annual rate of 10.2% between 2019 and 2023. The company operates in two main segments: wood products and construction materials distribution. In the wood products segment, it produces and sells plywood, laminated beams, and other related products, with strategically located facilities ensuring a reliable supply of raw materials. The distribution segment focuses on products such as siding, roofing, insulation, and doors, and has grown 9% annually since 2013, driven by high demand in the multifamily market, including apartment and condominium buildings. Despite current challenges due to high interest rates, BCC maintains margins above pre-pandemic levels. Although its regular dividend yield is 0.6%, the company typically pays special annual dividends; this year, for example, they paid a special dividend of $3 per share, elevating the total annualized yield to 4%. They are also returning cash to shareholders through share repurchases and are expected to end the year with more cash than debt, indicating financial strength.”
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