Acadian Timber (TSE:ADN) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Acadian Timber Corp. stock price exceeded its 200-day moving average of C$17.63, reaching a high of C$18.00 during trading, and closing at C$17.82.
• The company announced a quarterly dividend of $0.29 per share, leading to an annualized dividend yield of 6.5% and a payout ratio of 72.71%.
• Acadian Timber has a market capitalization of C$315.42 million and operates primarily through its NB Timberlands and Maine Timberlands segments.

Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.63 and traded as high as C$18.00. Acadian Timber shares last traded at C$17.82, with a volume of 6,161 shares trading hands.

Acadian Timber Price Performance

The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89. The stock has a market cap of C$322.23 million, a PE ratio of 22.79, a P/E/G ratio of -4.84 and a beta of 0.44. The company has a fifty day moving average of C$17.94 and a 200-day moving average of C$17.63.

Acadian Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, June 30th. Acadian Timber's payout ratio is currently 148.72%.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.