West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Friday, June 23rd, TickerTech reports. Stockholders of record on Tuesday, July 18th will be paid a dividend of 0.07 per share on Tuesday, July 18th. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, June 23rd.

West Fraser Timber Co. (TSE:WFT) opened at 58.60 on Friday. West Fraser Timber Co. has a one year low of $35.35 and a one year high of $62.50. The stock’s 50 day moving average is $59.54 and its 200 day moving average is $53.99. The stock has a market capitalization of $4.58 billion and a price-to-earnings ratio of 11.77.

Dividend History for West Fraser Timber Co. (TSE:WFT)

Several equities analysts have weighed in on WFT shares. CIBC lifted their target price on West Fraser Timber Co. from C$50.00 to C$59.00 in a research note on Thursday, February 23rd. TD Securities lifted their target price on West Fraser Timber Co. from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. BMO Capital Markets lifted their target price on West Fraser Timber Co. from C$57.00 to C$62.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Scotiabank set a C$58.25 target price on West Fraser Timber Co. and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Finally, Raymond James Financial, Inc. set a C$67.00 target price on West Fraser Timber Co. and gave the company an “outperform” rating in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. West Fraser Timber Co. has a consensus rating of “Buy” and a consensus target price of C$62.71.

In other news, insider Larry Earl Gardner sold 1,800 shares of West Fraser Timber Co. stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of C$59.51, for a total transaction of C$107,118.00.

TRADEMARK VIOLATION WARNING: “West Fraser Timber Co. Ltd. Plans Quarterly Dividend of $0.07 (WFT)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/west-fraser-timber-co-ltd-plans-quarterly-dividend-of-0-07-wft/1372057.html.

About West Fraser Timber Co.

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.

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