Acadian Timber Corp. Declares Quarterly Dividend of $0.29 (TSE:ADN)

Acadian Timber Corp. (TSE:ADN) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.29 per share on Wednesday, January 15th. This represents a $1.16 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Tuesday, December 31st.

Acadian Timber Trading Down 0.1 %

ADN stock opened at C$18.41 on Friday. The company’s 50-day simple moving average is C$17.75 and its 200-day simple moving average is C$17.56. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22. Acadian Timber has a 52-week low of C$15.50 and a 52-week high of C$18.48. The firm has a market cap of C$322.91 million, a P/E ratio of 9.90, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last posted its earnings results on Wednesday, October 30th. The company reported C$0.13 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. The business had revenue of C$25.96 million for the quarter. As a group, equities analysts forecast that Acadian Timber will post 1.0095345 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, CIBC decreased their price target on shares of Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.