Western Forest Products Inc T.WEF

Resolute Forest & Interfor announce Spec Div

[astutein]

Could Wef be next ?

[ACarrothers]

Yeah I could see WEF issuing a special dividend, given that there is now a lot of precedent around other Canadian Lumber companies doing it. Might be perceived as less risky than increasing the regular dividend. Wonder what amount they would set a special dividend at for Q2. Likely in the 0.02 to 0.05 per share range I would think.

[Cuzvin]

Although it would be good, I would much rather they pick up the pace and buyback more shares. This would help the long term investors more.

[jonvw92]

WEF has been returning capital via the NCIB.  In April they repurchased 2,537,448 shares and in May an additional 2,833,320 totalling 5,370,068 (~$11,000,000).  They have been purchasing the daily max of 268,000 at current price levels.  They will be able to complete the max repurchase by early July if they continue purchasing the daily max and start on the NCIB right after.  I