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

West Fraser Timber Co. Ltd. (NYSE:WFGGet Free Report) announced a quarterly dividend on Wednesday, June 12th, NASDAQ reports. Shareholders of record on Wednesday, June 26th will be paid a dividend of 0.32 per share on Friday, July 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, June 26th.

West Fraser Timber has increased its dividend payment by an average of 26.2% annually over the last three years. West Fraser Timber has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect West Fraser Timber to earn $8.17 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.7%.

West Fraser Timber Stock Down 0.7 %

West Fraser Timber stock opened at $77.40 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.33 and a current ratio of 2.33. The company has a 50-day moving average price of $79.02 and a 200 day moving average price of $80.86. West Fraser Timber has a 12-month low of $64.11 and a 12-month high of $90.17.

West Fraser Timber (NYSE:WFGGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.42 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.48. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.47 billion. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.52) EPS. As a group, analysts expect that West Fraser Timber will post 4.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WFG. Royal Bank of Canada reiterated an “outperform” rating and set a $97.00 price target on shares of West Fraser Timber in a report on Thursday, March 28th. TD Securities lifted their price target on shares of West Fraser Timber from $115.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $106.25.

Check Out Our Latest Research Report on West Fraser Timber

West Fraser Timber Company Profile

(Get Free Report)

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.

Recommended Stories

Dividend History for West Fraser Timber (NYSE:WFG)

Receive News & Ratings for West Fraser Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.com's FREE daily email newsletter.