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Acadian Timber Corp T.ADN

Alternate Symbol(s):  ACAZF

Acadian Timber Corp. is a Canada-based timberland provider in the Eastern Canada and the Northeastern United States. The Company owns and manages approximately 777,000 acres of freehold timberlands in New Brunswick (New Brunswick Timberlands or NB Timberlands), approximately 300,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides timber services, which include approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. The Company operates through three segments: NB Timberlands, Maine Timberlands and Corporate. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. It sells its products to approximately 90 regional customers. The Company also develops carbon credits for sale in voluntary carbon credit markets. The Company has approximately 2.4 million acres of land under management.


TSX:ADN - Post by User

Post by Beabaggageon Feb 11, 2022 10:24am
450 Views
Post# 34420019

DRIP and buyback announced

DRIP and buyback announced4th q looked decent, FFO more than div..they announced DRIP program which the Chairman will participate in ..he owns 45% of shares and will DRIP 50% of his divs.. so that will take pressure off the cash outlay of the div..also announced a buyback NCIB..which if they execute should cut dilution.  Long and will add a little..still like the yield and inflation  protection here.  Bea 
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