West Fraser Timber Co. Ltd. (WFG) to Issue Quarterly Dividend of $0.25 on July 6th

West Fraser Timber Co. Ltd. (TSE:WFG) declared a quarterly dividend on Tuesday, June 8th, Zacks reports. Shareholders of record on Monday, June 21st will be given a dividend of 0.25 per share on Tuesday, July 6th. This represents a $1.00 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, June 18th.

TSE WFG opened at C$89.11 on Thursday. The stock has a market cap of C$10.83 billion and a PE ratio of 4.37. The company’s 50 day moving average price is C$89.07. The company has a debt-to-equity ratio of 18.66, a current ratio of 2.24 and a quick ratio of 1.43. West Fraser Timber has a 1-year low of C$77.32 and a 1-year high of C$110.81.

Several equities analysts have weighed in on WFG shares. CIBC raised their price target on West Fraser Timber from C$135.00 to C$141.00 and gave the company an “outperform” rating in a report on Tuesday, May 11th. Scotiabank raised their price target on West Fraser Timber from C$128.00 to C$130.00 in a report on Wednesday, May 19th. Royal Bank of Canada raised their price target on West Fraser Timber from C$100.00 to C$151.50 and gave the company an “outperform” rating in a report on Monday, May 10th. TD Securities raised their price objective on West Fraser Timber from C$105.00 to C$113.00 and gave the company an “action list buy” rating in a research note on Monday, May 10th. Finally, Raymond James raised their price objective on West Fraser Timber from C$145.00 to C$170.00 and gave the company a “strong-buy” rating in a research note on Tuesday, May 25th.

About West Fraser Timber

West Fraser Timber Co Ltd., a diversified wood products company, produces and sells lumber, panels, and pulp and papers in western Canada and the southern United States. It offers spruce-pine-fir, Douglas Fir-Larch, Hem-Fir tree, and southern yellow pine lumber; treated wood products; and newsprint, wood chips, and other residuals and energy products, as well as bioproducts.

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