West Fraser Timber Co. Ltd. (TSE:WFT) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Investors 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 0.61%. The ex-dividend date of this dividend is Monday, September 25th. This is a boost from West Fraser Timber Co.’s previous quarterly dividend of $0.07.

Shares of West Fraser Timber Co. (TSE:WFT) opened at 72.44 on Friday. The stock has a market capitalization of $5.66 billion and a P/E ratio of 12.50. West Fraser Timber Co. has a 52-week low of $38.18 and a 52-week high of $73.28. The firm has a 50-day moving average price of $64.99 and a 200-day moving average price of $60.84.

In other news, Director Gillian Winckler purchased 1,000 shares of the stock in a transaction dated Friday, September 1st. The shares were purchased at an average cost of C$64.22 per share, with a total value of C$64,220.00.

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WFT has been the topic of several analyst reports. Scotiabank upped their price objective on West Fraser Timber Co. from C$64.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Raymond James Financial, Inc. increased their price target on West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an “outperform” rating in a report on Friday, July 21st. TD Securities increased their price target on West Fraser Timber Co. from C$71.00 to C$74.00 and gave the company a “buy” rating in a report on Monday, July 24th. CIBC increased their price target on West Fraser Timber Co. from C$62.00 to C$66.00 in a report on Tuesday, July 25th. Finally, BMO Capital Markets set a C$72.00 price target on West Fraser Timber Co. and gave the company an “outperform” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. West Fraser Timber Co. presently has a consensus rating of “Hold” and a consensus target price of C$68.42.

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.

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

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