Western Forest Products Inc. (OTCMKTS:WFSTF – Get Free Report) declared a dividend on Saturday, August 19th, investing.com reports. Investors of record on Friday, August 25th will be paid a dividend of 0.0093 per share on Friday, September 15th. This represents a dividend yield of 5.16%. The ex-dividend date of this dividend is Thursday, August 24th. This is an increase from Western Forest Products’s previous dividend of $0.0091993.
Western Forest Products Price Performance
Shares of OTCMKTS WFSTF opened at $0.72 on Monday. Western Forest Products has a 1 year low of $0.72 and a 1 year high of $1.29. The firm has a 50-day simple moving average of $0.79 and a two-hundred day simple moving average of $0.82.
Analysts Set New Price Targets
A number of brokerages have recently commented on WFSTF. Scotiabank reduced their target price on shares of Western Forest Products from C$1.75 to C$1.50 in a research report on Thursday, May 4th. Raymond James reduced their target price on shares of Western Forest Products from C$1.35 to C$1.25 in a research report on Friday, August 4th. Finally, TD Securities reduced their target price on shares of Western Forest Products from C$1.25 to C$1.15 in a research report on Tuesday, August 8th.
Western Forest Products Company Profile
Western Forest Products Inc operates as an integrated forest products company in Canada, the United States, Japan, China, Europe, and internationally. The company is involved in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber activities.
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