West Fraser Timber (TSE:WFG – Free Report) had its price target trimmed by CIBC from C$171.00 to C$170.00 in a report released on Tuesday,BayStreet.CA reports.
Separately, Raymond James cut shares of West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, January 20th.
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West Fraser Timber Stock Up 0.9 %
West Fraser Timber Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, December 27th. West Fraser Timber’s payout ratio is currently -103.44%.
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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