West Fraser Timber Co. Ltd. (TSE:WFG) Declares $0.32 Quarterly Dividend

West Fraser Timber Co. Ltd. (TSE:WFG) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Thursday, September 26th will be given a dividend of 0.32 per share on Friday, October 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 26th.

West Fraser Timber Price Performance

WFG traded up C$1.89 on Thursday, hitting C$119.44. 17,811 shares of the company’s stock traded hands, compared to its average volume of 162,837. The company’s 50 day simple moving average is C$114.51 and its 200-day simple moving average is C$111.17. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. West Fraser Timber has a one year low of C$88.61 and a one year high of C$124.18. The firm has a market cap of C$9.33 billion, a price-to-earnings ratio of 52.44 and a beta of 2.02.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, July 24th. The company reported C$1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.76 by C($0.12). West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. The company had revenue of C$2.33 billion for the quarter, compared to the consensus estimate of C$2.21 billion. As a group, research analysts anticipate that West Fraser Timber will post 2.4446494 EPS for the current year.

Analyst Ratings Changes

WFG has been the topic of several research analyst reports. CIBC boosted their price target on shares of West Fraser Timber from C$125.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets upgraded West Fraser Timber to a “strong-buy” rating in a research report on Tuesday, July 30th.

About West Fraser Timber

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.