RE:RE:54% increase in dividendAs part of the Norbord merger, WTF and Norbord were not allowed to increase their dividend or do any special dividends until the merger was fully completed after mid February 2021.
You are 100% correct,
I fully agree with your comments
WFG has started it's NCIB timidly.So far, they have bought back 436,367(Feb. 18th to March 5th.)
shares at an avg cost of $82.49 or $35 millions.That is 7.22% of the allowed 6,044,000.
We will see capital deployment when they report Q1
Every company (Home builder, lumber producers...) have a positive
2021 outlook.Lumber and OSB prices are at historical high.
They will eventually come down but from what i read, they could surprise many by their robustness because supply seems to be unable to meet demand.
Time will tell but i am very confident that once this correction/consolidation is over and when BAM has finish it's selling,
WFG will be in the 3 digits