West Fraser Timber Co. Ltd. (WFG) to Distribute Quarterly Dividend of $0.32 on October 19th

West Fraser Timber Co. Ltd. (NYSE:WFG) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.32 per share on Monday, October 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 29th.

West Fraser Timber has a payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect West Fraser Timber to earn $1.34 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 95.5%.

West Fraser Timber Stock Performance

Shares of NYSE:WFG traded up $0.81 on Friday, hitting $71.57. 187,946 shares of the company were exchanged, compared to its average volume of 228,456. The firm has a market capitalization of $5.60 billion, a P/E ratio of -4.64 and a beta of 1.00. The company has a current ratio of 2.06, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. West Fraser Timber has a 1-year low of $57.34 and a 1-year high of $76.99. The stock’s 50 day moving average price is $69.04 and its 200 day moving average price is $66.74.

West Fraser Timber (NYSE:WFG) last released its earnings results on Wednesday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.08). West Fraser Timber had a negative net margin of 22.98% and a negative return on equity of 10.84%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Sell-side analysts predict that West Fraser Timber will post -3.8 EPS for the current year.

About West Fraser Timber

West Fraser Timber Co Ltd. is a diversified forest products company headquartered in Vancouver, British Columbia. Founded in 1955, the company has grown from a regional lumber producer into an international manufacturer and marketer of wood products, pulp and paper.

West Fraser produces dimensional lumber, engineered wood products, oriented strand board, plywood, pulp, newsprint and specialty papers. Its products are used in residential and commercial construction, repair and remodeling, packaging, printing and other industrial applications.