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

West Fraser Timber Co. Ltd. (NYSE:WFG) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Monday, December 29th will be given a dividend of 0.32 per share on Wednesday, January 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, December 29th.

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 Price Performance

NYSE:WFG traded up $0.01 during trading hours on Thursday, reaching $62.01. 45,185 shares of the company were exchanged, compared to its average volume of 220,641. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.39 and a quick ratio of 1.32. West Fraser Timber has a 1-year low of $57.34 and a 1-year high of $94.18. The company has a market capitalization of $4.71 billion, a P/E ratio of -18.52 and a beta of 1.12. The business has a 50 day moving average of $63.02 and a 200 day moving average of $69.74.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings data on Wednesday, October 22nd. The company reported ($2.63) earnings per share for the quarter, missing the consensus estimate of ($1.72) by ($0.91). West Fraser Timber had a negative net margin of 4.35% and a negative return on equity of 2.63%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.38 billion. Research analysts forecast that West Fraser Timber will post 4.45 EPS for the current year.

About West Fraser Timber

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.