Acadian Timber (OTCMKTS:ACAZF) Trading Up 2% – Time to Buy?

Acadian Timber Corp. (OTCMKTS:ACAZF) shares were up 2% during mid-day trading on Friday . The stock traded as high as $11.37 and last traded at $11.37. Approximately 634 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 3,180 shares. The stock had previously closed at $11.15.

Analyst Ratings Changes

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Acadian Timber in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Acadian Timber presently has an average rating of “Buy”.

Acadian Timber Trading Up 2.0%

The company has a fifty day moving average of $10.96 and a two-hundred day moving average of $12.28.

Acadian Timber Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.2107 per share. This represents a dividend yield of 670.0%. This is an increase from Acadian Timber’s previous dividend of $0.21. The ex-dividend date was Monday, September 29th. Acadian Timber’s dividend payout ratio (DPR) is presently 168.37%.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.