West Fraser Timber Co. Ltd. (TSE:WFG) Plans Quarterly Dividend of $0.32

West Fraser Timber Co. Ltd. (TSE:WFG) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.32 per share on Friday, October 11th. This represents a $1.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 26th.

West Fraser Timber Stock Up 1.7 %

Shares of WFG stock traded up C$2.02 during trading hours on Thursday, reaching C$119.57. The company had a trading volume of 16,501 shares, compared to its average volume of 162,806. The company has a market cap of C$9.34 billion, a price-to-earnings ratio of 51.56 and a beta of 2.02. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. West Fraser Timber has a 12 month low of C$88.61 and a 12 month high of C$124.18. The business has a fifty day simple moving average of C$114.51 and a 200-day simple moving average of C$111.17.

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 the consensus estimate of C$1.76 by C($0.12). The company had revenue of C$2.33 billion for the quarter, compared to the consensus estimate of C$2.21 billion. West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. On average, research analysts expect that West Fraser Timber will post 2.4446494 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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