Acadian Timber (TSE:ADN) Reaches New 52-Week Low – What’s Next?

Acadian Timber Corp. (TSE:ADN)’s share price hit a new 52-week low on Friday . The stock traded as low as C$16.73 and last traded at C$16.75, with a volume of 14309 shares trading hands. The stock had previously closed at C$17.25.

Acadian Timber Price Performance

The company has a 50 day moving average of C$17.45 and a two-hundred day moving average of C$17.66. The firm has a market cap of C$297.19 million, a P/E ratio of 10.52, a PEG ratio of -4.84 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89.

Acadian Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Monday, March 31st. Acadian Timber’s payout ratio is presently 72.71%.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.