Bullboard - Stock Discussion Forum West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s): WFG

Forest Products Lumber & Wood Production

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used... see more

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TSX:WFG - Post Discussion

West Fraser Timber Co Ltd > West Fraser Increases Quarterly Dividend

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Post by Betteryear2 on Jun 12, 2024 5:34pm

West Fraser Increases Quarterly Dividend

VANCOUVER, BC, June 12, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) has declared a quarterly dividend of US$0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 12, 2024 to shareholders of record on June 26, 2024. The quarterly dividend has been increased from the prior US$0.30 per share in light of the share count reduction resulting from execution of recent normal course issuer bids.

West Fraser Increases Quarterly Dividend (prnewswire.com)

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Comment by Apaulson on Jun 13, 2024 8:41am

Why do they even bother increasing the dividend 2 cents? They're essentially paying out another $6.5 million USD per year to its shareholders (82mm x 0.02 x 4). For a company with a market cap of $6.5 billion USD, this is meaningless. It doesn't signal anything.

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West Fraser Timber Co Ltd