West Fraser Timber Co Ltd T.WFG

Dividend < 1%

[Dadsaid2]

WFT continues their low dividend rate. Poor Norbord shareholders will have to get used to it or stop the takeover. GLTA

[dosperros]

I have another number: 2.2%  That's the % of the Q3 EBITDA ($605M) paid out here ($12M).   I expect this will change.  WFT is trying to spin a narrative of also having a "balanced approach" to capital return as I have heard.  This is not at all balanced.   For context, Norbord paid 15.8% of the Q3 earnings. At the least, I'd expect meeitng in

[lifeisgood1010]

Without being certain, this should change in 2021.WFT and OSB are making $$$ like never before. They will have way to much cash on the balance sheet.Once the merge done, i guess we will a bump in the Div. or a special div. Yesterday, i listen to the CEO of Lowe's and just like all other player in the building material space sees 2021 as a very very good year. Some of the travel $ that was

[Dadsaid2]

You guys can spin the numbers all you want but l deal with bottom line yield on my invested dollars. Don't get me wrong, l love capital appreciation as much as the next guy and l'm taking advantage of it almost every day. I thought this would have been a perfect opportunity for WFT board to wake up and raise their dividend to show the world including Norbord shareholders that yes ,we can

[dosperros]

I hear you.  What's your Plan B's out of curiousity? I had generally gone with Acadian (7%+), Northview REIT (bought out recently; was 6%) and Brookfield entities. With only 2 board seats for OSB in WFT, they are not carrying the day.  It's a matter for the Ketchems, realistically.  I am not fussed.  I'd expect upside pushing 100% in this name in the next year

[dosperros]

Egregious typo.  I mean CFF not CFP.  Conifex can go up a lot.  Canfot can go up some.  But there are very different risk/reward profiles there.

[Dadsaid2]

No plan B needed right now. Still fully vested in OSB and riding the wave. Held max number of shares on Dec 1 for the 60cent (5%)+ dividend. Actually sold some yesterday at 56.40 to hold as cash. Will continue to sell in small chunks if it continues to rise. Pretty sure the entire market is overbought and a pull back is near. Will buy OSB back then and hope for the Q4 special dividend. That's

[Kojacks88]

I understand the appreciation for dividends but thats not why I purchase lumber stocks.  Capital appreciation 100%.  Low interest rates will keep lumber moving no matter how high the price of lumber goes. i have friends who mortgage brokers..  Not small time either.  They've never been busier! Dosperros & Life is Good ... keep on narrating this great story for