West Fraser Timber Co (TSE:WFG) has released an update.
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West Fraser Timber Co. Ltd. has announced an increase in their quarterly dividend to US$0.32 per share, up from the previous US$0.30, reflecting a successful share count reduction from recent issuer bids. The new dividend is payable on July 12, 2024, to shareholders on record as of June 26, 2024, underlining the company’s commitment to a sustainable dividend as a core aspect of its capital allocation strategy. Shareholders have the option to receive their dividends in Canadian dollars, with details and procedures available on the West Fraser website.
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