By Canadian Press

West Fraser Timber raising quarterly dividend by 20 per cent

Jun 8, 2022 | 7:26 AM

VANCOUVER — West Fraser Timber Co. Ltd. is raising its quarterly dividend by 20 per cent.

The company says it will now pay a quarterly dividend of 30 cents US per share starting with its July 8 payment to shareholders of record on June 22.

West Fraser had paid a quarterly dividend of 25 cents US per share.

The company says the increased payment to shareholders follows its recent share buyback plan that reduced its number of shares outstanding.

West Fraser produces lumber, engineered wood products, pulp, newsprint, wood chips, other residuals and renewable energy.

Take Back the Night

March to end violence against women taking place tomorrow

56m ago

Cougars

Opportunity knocks for Cougars with nine players still at NHL Camps

1h ago

CNC Dentists

Affordable dental care returns to Prince George through CNC dental clinic

2h ago

It has more than 60 facilities in Canada, the United States, the United Kingdom and Europe. 

This report by The Canadian Press was first published June 8, 2022.

Companies in this story: (TSX:WFG)

The Canadian Press