Western Forest Products Inc (TSE:WEF) Senior Officer Stephen D.A. Williams purchased 25,000 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of C$1.30 per share, with a total value of C$32,500.00. Following the transaction, the insider now owns 345,000 shares in the company, valued at C$448,500.
TSE WEF traded down C$0.02 during trading on Tuesday, reaching C$1.27. 427,326 shares of the stock traded hands, compared to its average volume of 673,893. The company has a market capitalization of $484.11 million and a price-to-earnings ratio of 22.11. The firm’s 50-day moving average is C$1.47. The company has a current ratio of 2.45, a quick ratio of 0.76 and a debt-to-equity ratio of 25.87. Western Forest Products Inc has a fifty-two week low of C$1.22 and a fifty-two week high of C$2.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 13th will be issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Thursday, August 29th. Western Forest Products’s dividend payout ratio is currently 157.89%.
Western Forest Products Company Profile
Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.
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