Western Forest Products Inc (TSE:WEF) declared a quarterly dividend on Tuesday, November 29th. Stockholders of record on Friday, December 16th will be given a dividend of 0.02 per share on Friday, December 16th. This represents a $0.08 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Tuesday, November 29th.

Western Forest Products (TSE:WEF) traded down 0.53% during trading on Monday, hitting $1.87. 448,006 shares of the stock traded hands. The firm has a 50-day moving average price of $1.97 and a 200 day moving average price of $2.10. Western Forest Products has a 12 month low of $1.77 and a 12 month high of $2.40. The firm has a market cap of $739.49 million and a PE ratio of 11.00.

Dividend History for Western Forest Products (TSE:WEF)

WEF has been the topic of a number of research analyst reports. CIBC downgraded shares of Western Forest Products from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 12th. TD Securities restated a “buy” rating and issued a C$2.50 target price on shares of Western Forest Products in a research note on Monday, November 7th. Scotiabank restated an “outperform” rating and issued a C$2.50 target price on shares of Western Forest Products in a research note on Thursday, August 4th. RBC Capital Markets dropped their target price on shares of Western Forest Products from C$2.75 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, November 7th. Finally, Royal Bank Of Canada dropped their target price on shares of Western Forest Products from C$2.75 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, November 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Western Forest Products has a consensus rating of “Buy” and an average price target of C$2.47.

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About Western Forest Products

Western Forest Products Inc (WFP) is a Canada-based softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber, wood chips and lumber remanufacturing. WFP’s lumber products are currently sold in over 25 countries worldwide.

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