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

Acadian Timber Corp. (TSE:ADN) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.29 per share on Tuesday, April 15th. This represents a $1.16 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend is Monday, March 31st.

Acadian Timber Price Performance

Shares of ADN stock traded down C$0.25 during trading hours on Friday, reaching C$17.64. 2,711 shares of the company were exchanged, compared to its average volume of 6,992. Acadian Timber has a fifty-two week low of C$16.37 and a fifty-two week high of C$18.48. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. The stock’s fifty day moving average is C$17.44 and its two-hundred day moving average is C$17.66. The company has a market cap of C$312.23 million, a price-to-earnings ratio of 11.06, a P/E/G ratio of -4.84 and a beta of 0.87.

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.