West Fraser Timber Co. Ltd. (WFT) To Go Ex-Dividend on March 15th

West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Friday, March 15th, TickerTech reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.20 per share on Monday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, March 15th.

Shares of TSE:WFT traded down C$1.67 during trading on Thursday, reaching C$67.56. 378,041 shares of the company were exchanged, compared to its average volume of 398,906. The firm has a market cap of $4.95 billion and a PE ratio of 6.36. West Fraser Timber has a 12-month low of C$60.44 and a 12-month high of C$97.99. The company has a debt-to-equity ratio of 26.00, a quick ratio of 0.91 and a current ratio of 2.26.

West Fraser Timber (TSE:WFT) last issued its earnings results on Tuesday, February 12th. The company reported C$0.50 EPS for the quarter. The company had revenue of C$1.27 billion for the quarter. Equities research analysts predict that West Fraser Timber will post 5.00000018491125 EPS for the current fiscal year.

Several equities analysts recently issued reports on WFT shares. CIBC cut their price objective on shares of West Fraser Timber from C$82.00 to C$79.00 in a report on Wednesday, November 14th. Royal Bank of Canada cut their price objective on shares of West Fraser Timber from C$100.00 to C$90.00 in a report on Tuesday, January 8th. TD Securities cut their price objective on shares of West Fraser Timber from C$86.00 to C$84.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. BMO Capital Markets raised shares of West Fraser Timber from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$68.00 to C$78.00 in a report on Tuesday. Finally, Raymond James set a C$94.00 price objective on shares of West Fraser Timber and gave the company a “strong-buy” rating in a report on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$86.00.

In other news, insider Sean Peter Mclaren purchased 1,000 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were acquired at an average cost of C$65.93 per share, with a total value of C$65,934.00. Following the completion of the acquisition, the insider now owns 6,500 shares of the company’s stock, valued at C$428,571.

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West Fraser Timber Company Profile

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 lignin. 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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