West Fraser Timber Co. Ltd. (WFT) To Go Ex-Dividend on September 25th
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.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/west-fraser-timber-co-ltd-wft-to-go-ex-dividend-on-september-25th/1584546.html.
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.
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.