West Fraser Timber Co. Ltd. (TSE:WFT) to Issue $0.20 Quarterly Dividend

West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Tuesday, June 25th, TickerTech reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.20 per share on Wednesday, July 17th. This represents a $0.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, June 25th.

TSE:WFT opened at C$60.64 on Monday. West Fraser Timber has a 52-week low of C$52.01 and a 52-week high of C$95.85. The company has a current ratio of 1.76, a quick ratio of 0.59 and a debt-to-equity ratio of 36.61. The stock has a market cap of $4.18 billion and a PE ratio of 7.47.

West Fraser Timber (TSE:WFT) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.73 by C($0.46). The firm had revenue of C$1.24 billion for the quarter. On average, research analysts expect that West Fraser Timber will post 4.827881 earnings per share for the current year.

Several research firms have recently issued reports on WFT. BMO Capital Markets upgraded shares of West Fraser Timber from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$68.00 to C$78.00 in a report on Tuesday, March 12th. CIBC dropped their price objective on shares of West Fraser Timber from C$70.00 to C$68.00 in a report on Tuesday, April 30th. Raymond James set a C$80.00 price objective on shares of West Fraser Timber and gave the stock a “strong-buy” rating in a report on Sunday, April 28th. Royal Bank of Canada dropped their price objective on shares of West Fraser Timber from C$90.00 to C$84.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, TD Securities dropped their price objective on shares of West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$79.00.

About West Fraser Timber

West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce-pine-fir and southern yellow pine lumber, as well as newsprint, wood chips, and other residuals and energy products. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.

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Dividend History for West Fraser Timber (TSE:WFT)

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