Acadian Timber Corp. (TSE:ADN) Announces $0.29 Quarterly Dividend

Acadian Timber Corp. (TSE:ADN) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.29 per share on Wednesday, January 15th. This represents a $1.16 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, December 31st.

Acadian Timber Stock Down 0.1 %

ADN stock opened at C$18.41 on Friday. The company has a market cap of C$322.91 million, a price-to-earnings ratio of 9.90, a PEG ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22. Acadian Timber has a 12 month low of C$15.50 and a 12 month high of C$18.48. The firm has a 50-day moving average of C$17.75 and a two-hundred day moving average of C$17.56.

Acadian Timber (TSE:ADN) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$25.96 million during the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. As a group, analysts forecast that Acadian Timber will post 1.0095345 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price target on shares of Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 1st.

Acadian Timber Company Profile

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.