West Fraser Timber Co. Ltd. (NYSE:WFG) Announces $0.32 Quarterly Dividend

West Fraser Timber Co. Ltd. (NYSE:WFG) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.32 per share on Monday, October 19th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 29th.

West Fraser Timber has a payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect West Fraser Timber to earn $1.34 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 95.5%.

West Fraser Timber Price Performance

Shares of NYSE:WFG opened at $72.83 on Thursday. The business’s fifty day moving average price is $68.63 and its two-hundred day moving average price is $66.43. The stock has a market cap of $5.70 billion, a PE ratio of -4.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 2.06. West Fraser Timber has a one year low of $57.34 and a one year high of $76.99.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.70) by ($0.08). West Fraser Timber had a negative return on equity of 10.84% and a negative net margin of 22.98%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. On average, analysts forecast that West Fraser Timber will post -3.77 EPS for the current fiscal year.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. is a diversified forest products company headquartered in Vancouver, British Columbia. Founded in 1955, the company has grown from a regional lumber producer into an international manufacturer and marketer of wood products, pulp and paper.

West Fraser produces dimensional lumber, engineered wood products, oriented strand board, plywood, pulp, newsprint and specialty papers. Its products are used in residential and commercial construction, repair and remodeling, packaging, printing and other industrial applications.