Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report) shares were up 2% during trading on Monday . The company traded as high as $12.25 and last traded at $12.21. Approximately 4,932 shares traded hands during trading, an increase of 76% from the average daily volume of 2,799 shares. The stock had previously closed at $11.96.
Acadian Timber Price Performance
The company’s 50 day moving average is $12.13 and its two-hundred day moving average is $12.43.
Acadian Timber Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.2029 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 6.67%. Acadian Timber’s dividend payout ratio is currently 168.37%.
Acadian Timber Company Profile
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.
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