West Fraser Timber Co. Ltd. (NYSE:WFG – Get Free Report) declared a quarterly dividend on Wednesday, June 10th. Shareholders of record on Thursday, June 25th will be given a dividend of 0.32 per share on Monday, July 13th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 25th.
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 $1.37 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 93.4%.
West Fraser Timber Stock Performance
Shares of West Fraser Timber stock opened at $68.73 on Tuesday. The company has a market capitalization of $5.38 billion, a PE ratio of -4.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.84. The company has a 50-day simple moving average of $65.02 and a two-hundred day simple moving average of $65.51. West Fraser Timber has a one year low of $57.34 and a one year high of $78.55.
Hedge Funds Weigh In On West Fraser Timber
Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of West Fraser Timber by 72.2% in the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the last quarter. EFG International AG purchased a new stake in West Fraser Timber during the 4th quarter worth approximately $31,000. Physician Wealth Advisors Inc. grew its position in West Fraser Timber by 177.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 579 shares of the company’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. Aegis Financial Corp acquired a new position in West Fraser Timber during the 1st quarter valued at approximately $205,000. Finally, Jain Global LLC acquired a new position in West Fraser Timber during the 3rd quarter valued at approximately $224,000. Institutional investors and hedge funds own 40.23% of the company’s stock.
About West Fraser Timber
West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.
Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.
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