Installed Building Products (IBP) has released an update.
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Investors have reason to take note as the company announces a generous quarterly cash dividend of $0.35 per share and an additional annual variable dividend of $1.60, set for distribution on March 31, 2024, to shareholders on record as of March 15, 2024. The company is actively engaging with potential lenders and investors in the first quarter of 2024 to discuss refinancing options. For those looking to delve deeper, presentation materials for these discussions are available on the company’s website in the Investor Relations section.
For further insights into IBP stock, check out TipRanks’ Stock Analysis page.