Acadian Timber Corp (TSE:ADN) announced a quarterly dividend on Monday, July 31st, Zacks reports. Stockholders of record on Saturday, September 30th will be given a dividend of 0.275 per share on Friday, October 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Thursday, September 28th.

Acadian Timber Corp (ADN) remained flat at $18.40 during midday trading on Tuesday. 13,000 shares of the stock traded hands. The firm has a market capitalization of $307.50 million and a PE ratio of 21.10. The stock’s 50 day moving average price is $18.81 and its 200 day moving average price is $18.25. Acadian Timber Corp has a 12-month low of $16.82 and a 12-month high of $19.60.

Separately, Scotiabank cut shares of Acadian Timber Corp from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$19.25 to C$18.50 in a report on Friday.

COPYRIGHT VIOLATION WARNING: “Acadian Timber Corp (TSE:ADN) Declares Quarterly Dividend of $0.28” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at

About Acadian Timber Corp

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 approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands.

Dividend History for Acadian Timber Corp (TSE:ADN)

Receive News & Ratings for Acadian Timber Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadian Timber Corp and related companies with's FREE daily email newsletter.