West Fraser Timber Co. Ltd. (WFG) to Issue Quarterly Dividend of $0.32 on October 11th

West Fraser Timber Co. Ltd. (TSE:WFG) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Thursday, September 26th will be given a dividend of 0.32 per share on Friday, October 11th. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, September 26th.

West Fraser Timber Stock Down 0.9 %

Shares of West Fraser Timber stock opened at C$127.91 on Tuesday. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. The firm’s 50-day moving average is C$118.40 and its two-hundred day moving average is C$112.23. West Fraser Timber has a 1 year low of C$88.61 and a 1 year high of C$130.00. The stock has a market cap of C$9.99 billion, a price-to-earnings ratio of 55.61 and a beta of 2.02.

West Fraser Timber (TSE:WFG) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$1.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.76 by C($0.12). West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The company had revenue of C$2.33 billion for the quarter, compared to analysts’ expectations of C$2.21 billion. As a group, research analysts expect that West Fraser Timber will post 8.0881579 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. CIBC raised their target price on West Fraser Timber from C$125.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets raised West Fraser Timber to a “strong-buy” rating in a research note on Tuesday, July 30th.

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.