West Fraser Timber Co. Ltd. (TSE:WFT) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Investors of record on Tuesday, September 26th will be given a dividend of 0.11 per share on Tuesday, October 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, September 25th. This is a boost from West Fraser Timber Co.’s previous quarterly dividend of $0.07.
West Fraser Timber Co. (TSE:WFT) traded up 0.26% during midday trading on Thursday, reaching $66.80. 25,294 shares of the company’s stock traded hands. The firm’s 50-day moving average is $64.68 and its 200 day moving average is $60.48. The firm has a market cap of $5.22 billion and a PE ratio of 11.53. West Fraser Timber Co. has a 52-week low of $38.18 and a 52-week high of $69.66.
Several equities research analysts recently commented on the stock. BMO Capital Markets lowered shares of West Fraser Timber Co. from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. TD Securities upped their target price on shares of West Fraser Timber Co. from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, July 30th. Scotiabank upped their target price on shares of West Fraser Timber Co. from C$67.00 to C$68.50 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Raymond James Financial, Inc. upped their target price on shares of West Fraser Timber Co. from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, CIBC upped their target price on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$68.42.
In related news, Director Gillian Winckler acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was purchased at an average cost of C$64.22 per share, with a total value of C$64,220.00.
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About West Fraser Timber Co.
West Fraser Timber Co Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy.
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