West Fraser Timber Co. Ltd. (NYSE:WFG – Get Free Report) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.237 per share on Friday, October 11th. This represents a $0.95 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 26th.
West Fraser Timber has raised its dividend by an average of 26.2% annually over the last three years. West Fraser Timber has a dividend payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect West Fraser Timber to earn $8.21 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 15.6%.
West Fraser Timber Trading Up 1.1 %
Shares of West Fraser Timber stock traded up $0.98 on Thursday, hitting $87.74. The stock had a trading volume of 19,250 shares, compared to its average volume of 159,377. The company has a quick ratio of 1.49, a current ratio of 2.33 and a debt-to-equity ratio of 0.03. West Fraser Timber has a one year low of $64.11 and a one year high of $91.43. The stock’s 50-day simple moving average is $83.95 and its two-hundred day simple moving average is $81.53. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of -72.92 and a beta of 1.16.
Analyst Upgrades and Downgrades
WFG has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on West Fraser Timber from $97.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets increased their price target on shares of West Fraser Timber from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, West Fraser Timber presently has an average rating of “Buy” and an average price target of $105.60.
View Our Latest Stock Analysis on West Fraser Timber
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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