Acadian Timber Corp. (ADN) To Go Ex-Dividend on March 27th

Acadian Timber Corp. (TSE:ADNGet Free Report) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Shareholders of record on Sunday, March 31st will be paid a dividend of 0.29 per share on Monday, April 15th. This represents a $1.16 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Wednesday, March 27th.

Acadian Timber Stock Performance

Shares of ADN stock opened at C$17.51 on Monday. The company has a debt-to-equity ratio of 33.08, a current ratio of 1.96 and a quick ratio of 1.04. Acadian Timber has a fifty-two week low of C$15.50 and a fifty-two week high of C$18.69. The stock’s 50-day moving average is C$16.75 and its two-hundred day moving average is C$16.83. The firm has a market cap of C$302.05 million, a P/E ratio of 10.12, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADNGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.08). The company had revenue of C$23.82 million for the quarter. Acadian Timber had a return on equity of 9.45% and a net margin of 31.49%. Analysts predict that Acadian Timber will post 0.7890514 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Raymond James upgraded Acadian Timber from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$17.00 to C$18.50 in a research note on Thursday, February 8th. Royal Bank of Canada increased their target price on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th.

Read Our Latest Stock Analysis on Acadian Timber

About Acadian Timber

(Get Free Report)

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.

Further Reading

Dividend History for Acadian Timber (TSE:ADN)

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