Acadian Timber Corp. (ADN) To Go Ex-Dividend on September 30th

Acadian Timber Corp. (TSE:ADN) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.29 per share on Tuesday, October 15th. This represents a $1.16 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Monday, September 30th.

Acadian Timber Price Performance

Shares of ADN stock traded down C$0.06 during trading on Friday, hitting C$18.03. The company had a trading volume of 2,100 shares, compared to its average volume of 5,671. The company has a quick ratio of 1.04, a current ratio of 0.44 and a debt-to-equity ratio of 36.66. The stock’s 50-day moving average is C$17.36 and its two-hundred day moving average is C$17.19. The stock has a market capitalization of C$313.54 million, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. Acadian Timber has a 52 week low of C$15.50 and a 52 week high of C$18.69.

Acadian Timber (TSE:ADN) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.35 earnings per share for the quarter. The company had revenue of C$28.81 million for the quarter. Acadian Timber had a net margin of 29.86% and a return on equity of 9.48%. As a group, analysts predict that Acadian Timber will post 1.4394904 EPS for the current fiscal year.

Analysts Set New Price Targets

ADN has been the topic of a number of recent research reports. Raymond James increased their price target on shares of Acadian Timber from C$18.50 to C$20.00 in a research report on Friday, May 10th. CIBC reduced their price target on shares of Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada increased their price target on shares of Acadian Timber from C$18.00 to C$20.00 in a research report on Friday, May 10th.

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.