West Fraser Timber Co. Ltd. (WFT) to Issue $0.11 Quarterly Dividend

West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Tuesday, December 12th, Zacks reports. Stockholders of record on Wednesday, December 27th will be given a dividend of 0.11 per share on Wednesday, January 10th. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Tuesday, December 26th.

Shares of West Fraser Timber (WFT) opened at C$79.76 on Thursday. West Fraser Timber has a 12-month low of C$42.98 and a 12-month high of C$83.50.

Several analysts recently issued reports on the stock. TD Securities boosted their target price on shares of West Fraser Timber from C$80.00 to C$83.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. CIBC upped their price target on shares of West Fraser Timber from C$75.00 to C$80.00 in a research report on Thursday, October 26th. Scotiabank upped their price target on shares of West Fraser Timber from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Finally, Raymond James Financial upped their price target on shares of West Fraser Timber from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$75.67.

In related news, insider Ketcham Investments sold 500,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$80.90, for a total transaction of C$40,450,000.00.

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West Fraser Timber Company Profile

West Fraser Timber Co Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy.

Dividend History for West Fraser Timber (TSE:WFT)

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