West Fraser Timber is raising its quarterly dividend by 20 per cent.
The company has declared a quarterly dividend of $0.30 US per share starting with its July 8 payment to shareholders of record on June 22. It has been increased from $0.25 US per share.
“Providing a sustainable quarterly dividend remains a key priority within West Fraser’s capital allocation strategy, and we are pleased to increase our dividend this quarter and to have completed the recent actions we’ve taken to return capital to our shareholders,” said Ray Ferris, West Fraser’s president and CEO.
Learn more: West Fraser Timber