MHProNews has learned from dakotafinancialnews that Charles Scott Green sold 1,500 shares of Universal Forest Products, Inc. (NASDAQ:UFPI) stock at an average price of $74.47 for a net of $111,705.00. The UFPI vice president now owns 19,226 shares of stock in the company valued at $1,431,760.22. The sale was disclosed through a Securities and Exchange commission filing.

Moreover, the board of directors announced the distribution of a semi-annual dividend of $0.42 to be paid on Tue., Dec. 15, 2015 to stockholders of record as of Dec. 1, 2015. Representing a dividend yield of 1.18 percent, this represents an increase from the previous semiannual dividend of $0.40.

On Mon., Oct. 19, 2015 Zacks raised shares of UFPI from a “hold” rating to a “strong buy,” setting an $82.00 price objective on the stock.

As MHProNews knows, UFPI is a component supplier of wood and wood composite products to the manufactured home construction market. ##

(Photo credit: Universal Forest Products, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.