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

Acadian Timber Corp. (TSE:ADN) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders 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 yield of 6.30%. The ex-dividend date is Tuesday, December 31st.

Acadian Timber Stock Down 0.1 %

Shares of TSE ADN opened at C$18.41 on Friday. The company has a market capitalization of C$322.91 million, a P/E ratio of 9.90, a P/E/G ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 33.22, a current ratio of 0.38 and a quick ratio of 1.04. The company has a 50 day simple moving average of C$17.75 and a 200-day simple moving average of C$17.56. Acadian Timber has a 1 year low of C$15.50 and a 1 year high of C$18.48.

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 return on equity of 10.06% and a net margin of 26.53%. The company had revenue of C$25.96 million during the quarter. On average, equities research analysts predict that Acadian Timber will post 1.0095345 earnings per share for the current year.

Analyst Ratings Changes

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

About Acadian Timber

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.