Shares of Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report) traded up 0.2% on Monday . The company traded as high as $12.50 and last traded at $12.47. 5,654 shares were traded during mid-day trading, an increase of 97% from the average session volume of 2,875 shares. The stock had previously closed at $12.44.
Acadian Timber Trading Up 0.2%
The company has a 50-day moving average of $12.19 and a 200-day moving average of $12.33.
Acadian Timber Cuts Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.2029 per share. This represents a yield of 6.67%. The ex-dividend date of this dividend was Monday, March 31st. Acadian Timber’s dividend payout ratio (DPR) is presently 168.37%.
About Acadian Timber
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 freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.
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