Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report) shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $12.73 and last traded at $12.73. 4,141 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 3,723 shares. The stock had previously closed at $12.70.
Acadian Timber Trading Up 0.2 %
The stock’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $12.85.
Acadian Timber Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.2118 dividend. This represents a dividend yield of 6.5%. The ex-dividend date was Friday, September 27th. Acadian Timber’s dividend payout ratio (DPR) is currently 168.37%.
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.
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