West Fraser Timber Co. Ltd. (WFT) Declares Quarterly Dividend of $0.11
West Fraser Timber Co. Ltd. (TSE:WFT) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Stockholders of record on Tuesday, September 26th will be paid a dividend of 0.11 per share on Tuesday, October 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, September 25th. This is a positive change from West Fraser Timber Co.’s previous quarterly dividend of $0.07.
Shares of West Fraser Timber Co. (WFT) opened at 66.65 on Thursday. The company has a market cap of $5.21 billion and a price-to-earnings ratio of 11.50. West Fraser Timber Co. has a 52 week low of $38.18 and a 52 week high of $69.66. The stock’s 50 day moving average is $64.68 and its 200-day moving average is $60.48.
Several research analysts recently commented on WFT shares. Scotiabank raised their price target on shares of West Fraser Timber Co. from C$64.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Raymond James Financial, Inc. raised their price target on shares of West Fraser Timber Co. from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BMO Capital Markets downgraded shares of West Fraser Timber Co. from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. TD Securities raised their price target on shares of West Fraser Timber Co. from C$71.00 to C$74.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. Finally, CIBC raised their price target on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$68.42.
In other West Fraser Timber Co. news, Director Gillian Winckler bought 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were bought at an average cost of C$64.22 per share, for a total transaction of C$64,220.00.
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West Fraser Timber Co. Company Profile
West Fraser Timber Co Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy.
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