Acadian Timber Corp. (ADN) To Go Ex-Dividend on June 28th

Acadian Timber Corp. (TSE:ADN) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Sunday, June 30th will be given a dividend of 0.29 per share on Monday, July 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, June 28th.

Acadian Timber Stock Up 0.2 %

Acadian Timber stock traded up C$0.03 during mid-day trading on Friday, reaching C$18.09. 883 shares of the company’s stock were exchanged, compared to its average volume of 6,073. The company has a market cap of C$312.05 million, a P/E ratio of 10.50, a P/E/G ratio of -4.84 and a beta of 0.87. Acadian Timber has a twelve month low of C$15.50 and a twelve month high of C$18.69. The company has a quick ratio of 1.04, a current ratio of 1.96 and a debt-to-equity ratio of 33.08. The company has a fifty day moving average of C$17.32 and a 200-day moving average of C$16.84.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08). The business had revenue of C$23.82 million for the quarter. Acadian Timber had a return on equity of 9.45% and a net margin of 31.49%. Sell-side analysts expect that Acadian Timber will post 1.4394904 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ADN shares. Raymond James raised shares of Acadian Timber from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$18.50 in a research report on Thursday, February 8th. Royal Bank of Canada raised their price objective on shares of Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Finally, CIBC upgraded shares of Acadian Timber from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$20.00 in a research report on Thursday, April 11th.

About Acadian Timber

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.