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

Acadian Timber Corp. (TSE:ADN) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends 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 6.47%. The ex-dividend date of this dividend is Tuesday, December 31st.

Acadian Timber Price Performance

Shares of TSE ADN opened at C$17.93 on Friday. The company has a debt-to-equity ratio of 33.22, a quick ratio of 1.04 and a current ratio of 0.38. The firm’s 50-day simple moving average is C$17.92 and its 200 day simple moving average is C$17.64. The stock has a market cap of C$314.49 million, a price-to-earnings ratio of 9.64, a PEG ratio of -4.84 and a beta of 0.87. Acadian Timber has a fifty-two week low of C$16.12 and a fifty-two week high of C$18.48.

Acadian Timber (TSE:ADN) last released its quarterly 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 return on equity of 10.06% and a net margin of 26.53%. As a group, research analysts anticipate that Acadian Timber will post 1.0095345 earnings per share for the current fiscal year.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.