West Fraser Timber Co. Ltd. (WFT) Announces Quarterly Dividend of $0.14
West Fraser Timber Co. (TSE:WFT) declared a quarterly dividend on Wednesday, September 11th, Analyst Ratings.Net reports. Stockholders of record on Monday, September 30th will be given a dividend of $0.14 per share on Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%.
A number of research firms have recently commented on WFT. Analysts at Raymond James raised their price target on shares of West Fraser Timber Co. (TSE:WFT) from C$105.00 to C$110.00 in a research note to investors on Thursday, July 18th. They now have a “strong-buy” rating on the stock.
One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. West Fraser Timber Co. currently has a consensus rating of “Buy” and an average target price of C$81.00.
West Fraser Timber Co. (TSE:WFT) opened at 85.78 on Wednesday. West Fraser Timber Co. has a 1-year low of $55.16 and a 1-year high of $95.17. The stock has a 50-day moving average of $87.84 and a 200-day moving average of $85.3. The company has a market cap of $3.677 billion and a P/E ratio of 14.15.
West Fraser Timber Co. (TSE:WFT) last announced its earnings results on Wednesday, July 17th. The company reported $2.49 earnings per share for the quarter. On average, analysts predict that West Fraser Timber Co. will post $8.23 earnings per share for the current fiscal year.
West Fraser Timber Co Ltd. is a Canada-based wood products company. The Company produces lumber, wood chips, laminated veneer lumber (TSE:WFT), medium-density fibreboard (MDF), plywood, pulp and newsprint.
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