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

Key Points

• West Fraser Timber Co. Ltd. has declared a quarterly dividend of $0.32 per share, which will be paid to stockholders on October 14th to those on record by September 25th.
• The company's dividend payout ratio is 21.9%, indicating strong coverage by earnings, with analysts expecting earnings of $7.53 per share next year.
• West Fraser Timber's stock increased by 3.7% to $76.83 with a market capitalization of $5.88 billion, despite reporting a recent quarterly loss of ($0.38) EPS.

West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report) declared a quarterly dividend on Thursday, September 11th, Wall Street Journal reports. Stockholders of record on Thursday, September 25th will be paid a dividend of 0.32 per share on Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 25th.

West Fraser Timber has a dividend payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 3.7%

NYSE WFG traded up $2.75 on Thursday, reaching $76.83. The company had a trading volume of 211,403 shares, compared to its average volume of 211,766. The company's fifty day moving average is $73.36 and its 200-day moving average is $74.53. West Fraser Timber has a 1-year low of $68.63 and a 1-year high of $102.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.61 and a current ratio of 2.89. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -43.90 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.74). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.61 billion. West Fraser Timber had a negative return on equity of 0.85% and a negative net margin of 2.18%. On average, research analysts forecast that West Fraser Timber will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.

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