Todays Report: Today: Western Forest Products Inc (WEF) Announces C$0.02 Quarterly Dividend

Today: Western Forest Products Inc (WEF) Announces C$0.02 Quarterly Dividend

Western Forest Products Inc (TSE:WEF) announced a quarterly dividend on Tuesday, November 29th. Stockholders of record on Friday, December 16th will be paid a dividend of 0.02 per share on Friday, December 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Tuesday, November 29th.

Shares of Western Forest Products (TSE:WEF) traded down 0.53% during midday trading on Monday, hitting $1.87. 448,006 shares of the stock were exchanged. The stock’s 50-day moving average price is $1.97 and its 200-day moving average price is $2.10. The firm has a market capitalization of $739.49 million and a price-to-earnings ratio of 11.00. Western Forest Products has a 1-year low of $1.77 and a 1-year high of $2.40.

Several equities analysts have weighed in on WEF shares. TD Securities restated a “buy” rating and set a C$2.50 price objective on shares of Western Forest Products in a research note on Friday, August 5th. Scotiabank restated an “outperform” rating and set a C$2.50 price objective on shares of Western Forest Products in a research note on Thursday, August 4th. CIBC dropped their price objective on Western Forest Products from C$2.50 to C$2.25 in a research note on Tuesday, November 8th. Royal Bank Of Canada dropped their price objective on Western Forest Products from C$2.75 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, November 7th. Finally, RBC Capital Markets dropped their price objective on Western Forest Products from C$2.75 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, November 7th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Western Forest Products currently has an average rating of “Buy” and a consensus target price of C$2.47.

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