West Fraser Timber Co. Ltd. (TSE:WFG) Plans Quarterly Dividend of $0.38

West Fraser Timber Co. Ltd. (TSE:WFGGet Rating) declared a quarterly dividend on Wednesday, June 8th, Zacks reports. Shareholders of record on Wednesday, June 22nd will be paid a dividend of 0.38 per share on Friday, July 8th. This represents a $1.52 annualized dividend and a yield of 1.49%. The ex-dividend date is Tuesday, June 21st. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.20.

WFG stock opened at C$101.68 on Friday. West Fraser Timber has a one year low of C$82.66 and a one year high of C$130.13. The company’s fifty day moving average price is C$110.58 and its 200-day moving average price is C$114.37. The company has a debt-to-equity ratio of 6.14, a quick ratio of 2.32 and a current ratio of 3.55. The company has a market capitalization of C$9.13 billion and a PE ratio of 2.65.

West Fraser Timber (TSE:WFGGet Rating) last released its earnings results on Thursday, April 28th. The company reported C$12.98 EPS for the quarter, topping the consensus estimate of C$12.63 by C$0.35. The company had revenue of C$3.94 billion during the quarter. On average, research analysts predict that West Fraser Timber will post 14.9899997 EPS for the current fiscal year.

Several equities analysts have recently commented on the stock. CIBC boosted their target price on shares of West Fraser Timber from C$126.00 to C$146.00 and gave the stock an “outperform” rating in a report on Tuesday, May 3rd. Raymond James set a C$190.00 target price on shares of West Fraser Timber and gave the stock a “strong-buy” rating in a report on Friday, April 29th. Finally, Scotiabank boosted their target price on shares of West Fraser Timber from C$147.00 to C$157.00 in a report on Thursday, April 21st. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$158.60.

West Fraser Timber Company Profile (Get Rating)

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products.

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