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

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 is Monday, March 31st.

Acadian Timber Price Performance

Shares of TSE ADN traded down C$0.25 during midday trading on Friday, hitting C$17.64. The stock had a trading volume of 2,711 shares, compared to its average volume of 6,992. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The stock has a 50 day simple moving average of C$17.44 and a 200-day simple moving average of C$17.66. The company has a market capitalization of C$312.23 million, a PE ratio of 11.06, a P/E/G ratio of -4.84 and a beta of 0.87. Acadian Timber has a 1 year low of C$16.37 and a 1 year high of C$18.48.

Acadian Timber Company Profile

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.