UFP Industries announces quarterly dividend of $0.20 per share - dividend represents a 33 percent increase over 2021

GRAND RAPIDS, Mich., Friday, January 28, 2022 - On January 27, 2022, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.20 per share, a 33 percent increase over the quarterly dividend of 15 cents paid last year. The dividend is payable on March 15, 2022, to shareholders of record on March 1, 2022.

"This enhanced dividend is the result of UFP's strong performance and the confidence we have in our future," said Chairman William G. Currie. "Because of our strong cash flow, we can continue to invest in growing our company to achieve greater returns while sharing our success with shareholders by paying these dividends. We are grateful to our shareholders, many of whom are employees, for making our success possible."

UFP Industries, Inc.

UFP Industries is a holding company whose operating subsidiaries - UFP Industrial, UFP Construction and UFP Retail Solutions - manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.