Acadian Timber Corp (ADN) Announces $0.28 Quarterly Dividend
Acadian Timber Corp (TSE:ADN) announced a quarterly dividend on Wednesday, October 25th, Zacks reports. Investors of record on Sunday, December 31st will be paid a dividend of 0.275 per share on Monday, January 15th. This represents a $1.10 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Thursday, December 28th.
Acadian Timber (TSE:ADN) remained flat at $C$19.00 during trading on Friday. The company had a trading volume of 3,211 shares, compared to its average volume of 8,515. Acadian Timber has a 52-week low of C$17.00 and a 52-week high of C$20.12. The stock has a market cap of $317.89, a price-to-earnings ratio of 14.73 and a beta of 0.34.
Separately, Scotiabank reaffirmed a “sector perform” rating and issued a C$18.50 price objective on shares of Acadian Timber in a research note on Thursday, October 26th.
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.
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