West Fraser Timber Co. Ltd. to Issue Quarterly Dividend of $0.32 (NYSE:WFG)

West Fraser Timber Co. Ltd. (NYSE:WFG) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.32 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 13th.

West Fraser Timber has a dividend payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Analysts expect West Fraser Timber to earn $7.53 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 17.0%.

West Fraser Timber Price Performance

NYSE:WFG opened at $74.88 on Thursday. The company has a market cap of $5.69 billion, a P/E ratio of -22.35 and a beta of 1.12. The firm’s fifty day moving average price is $65.82 and its two-hundred day moving average price is $67.13. West Fraser Timber has a one year low of $57.34 and a one year high of $84.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.39 and a quick ratio of 1.32.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.