West Fraser Timber Co. Ltd. (NYSE:WFG) Plans Quarterly Dividend of $0.32

West Fraser Timber Co. Ltd. (NYSE:WFG) announced a quarterly dividend on Wednesday, June 10th. Investors of record on Thursday, June 25th will be given a dividend of 0.32 per share on Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 25th.

West Fraser Timber has a dividend payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect West Fraser Timber to earn $1.37 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 93.4%.

West Fraser Timber Trading Down 1.1%

WFG opened at $66.01 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.84 and a quick ratio of 0.66. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -4.39 and a beta of 0.99. The firm has a 50 day simple moving average of $64.29 and a 200 day simple moving average of $65.01. West Fraser Timber has a fifty-two week low of $57.34 and a fifty-two week high of $78.55.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($2.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.23) by ($1.17). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. West Fraser Timber had a negative return on equity of 9.67% and a negative net margin of 21.86%. On average, sell-side analysts anticipate that West Fraser Timber will post -3.99 earnings per share for the current year.

About West Fraser Timber

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.