West Fraser Timber Co. Ltd. (NYSE:WFG – Get Free Report) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Investors of record on Thursday, September 26th will be paid a dividend of 0.237 per share on Friday, October 11th. This represents a $0.95 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, September 26th.
West Fraser Timber has raised its dividend payment by an average of 26.2% per year over the last three years. West Fraser Timber has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect West Fraser Timber to earn $8.21 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 15.6%.
West Fraser Timber Stock Down 0.4 %
Shares of NYSE WFG opened at $94.71 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 1.49. The company has a 50-day moving average price of $86.66 and a 200-day moving average price of $82.22. The stock has a market capitalization of $7.47 billion, a P/E ratio of -78.27 and a beta of 1.16. West Fraser Timber has a 1 year low of $64.11 and a 1 year high of $95.81.
Analyst Ratings Changes
WFG has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of West Fraser Timber from $97.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets boosted their target price on West Fraser Timber from $92.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, West Fraser Timber presently has a consensus rating of “Buy” and a consensus target price of $105.60.
Check Out Our Latest Stock Analysis on West Fraser Timber
About West Fraser Timber
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, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.
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