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VANCOUVER - West Fraser Timber Co. Ltd. (TSX and NYSE: WFG), a $6.06 billion market cap forest products company, announced today a quarterly dividend of US$0.32 per share on its Common shares and Class B Common shares, representing a 1.67% yield.
The dividend will be payable on July 14, 2025, to shareholders of record as of June 26, 2025, according to a press release statement from the company.
West Fraser noted that dividends are designated as eligible dividends under the Income Tax Act (Canada) and applicable provincial legislation. The company pays dividends in U.S. dollars, though shareholders may elect to receive their payments in Canadian dollars.
West Fraser Timber operates more than 50 facilities across Canada, the United States, the United Kingdom, and Europe. The diversified wood products company manufactures lumber, engineered wood products including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, and particleboard. The company also produces pulp, newsprint, wood chips, and other residuals.
The company’s products are used in home construction, repair and remodeling, industrial applications, and paper production.
In other recent news, West Fraser Timber Co Ltd reported its Q1 2025 earnings, revealing a mixed financial performance. The company posted earnings per share (EPS) of $0.46, which, while surpassing the forecast of $0.4126, was accompanied by revenue figures that fell short of expectations. Revenue for the quarter was $1.46 billion, below the anticipated $1.52 billion. The company faced ongoing challenges, including tariff uncertainties and transportation disruptions, which contributed to the revenue miss. Despite these hurdles, West Fraser Timber maintained a strong liquidity position with $1.5 billion available. Analysts from firms such as BMO Capital Markets raised questions about the company’s future demand trends and capital allocation strategies. West Fraser Timber’s management highlighted their focus on long-term value creation and resilience in navigating market challenges. The company remains cautious about the outlook due to uncertainties surrounding tariffs and trade policies.
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