Acadian Timber Corp. (TSE:ADN - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Tuesday, December 31st.
Acadian Timber Price Performance
TSE ADN traded down C$0.63 on Friday, reaching C$17.78. The company's stock had a trading volume of 10,867 shares, compared to its average volume of 5,767. The firm's 50 day moving average is C$17.75 and its two-hundred day moving average is C$17.56. The stock has a market cap of C$311.86 million, a PE ratio of 9.90, a PEG ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 33.22, a quick ratio of 1.04 and a current ratio of 0.38. Acadian Timber has a twelve month low of C$15.58 and a twelve month high of C$18.48.
Acadian Timber (TSE:ADN - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported C$0.13 EPS for the quarter. The business had revenue of C$25.96 million during the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. As a group, sell-side analysts predict that Acadian Timber will post 1.0095345 EPS for the current year.
Wall Street Analyst Weigh In
Separately, CIBC decreased their price target on Acadian Timber from C$22.00 to C$21.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st.
Check Out Our Latest Report on Acadian Timber
About Acadian Timber
(
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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.
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