West Fraser Timber Co. Ltd. (WFG) To Go Ex-Dividend on September 29th

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

West Fraser Timber has a payout ratio of 21.9% meaning 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 Up 0.0%

Shares of NYSE:WFG opened at $72.78 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 2.06. West Fraser Timber has a 1 year low of $57.34 and a 1 year high of $76.99. The stock has a market capitalization of $5.70 billion, a P/E ratio of -4.71 and a beta of 1.00. The stock has a 50-day simple moving average of $68.76 and a 200-day simple moving average of $66.47.

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

Analyst Ratings Changes

WFG has been the subject of several recent research reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of West Fraser Timber in a report on Friday, July 31st. TD Securities reaffirmed a “buy” rating on shares of West Fraser Timber in a research report on Friday, July 31st. Weiss Ratings downgraded West Fraser Timber from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Royal Bank Of Canada lowered their target price on West Fraser Timber from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.20.

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.