Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report)’s share price was up 0.2% during mid-day trading on Tuesday . The stock traded as high as $12.73 and last traded at $12.73. Approximately 4,141 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 3,723 shares. The stock had previously closed at $12.70.
Acadian Timber Stock Up 0.6 %
The company’s 50 day moving average price is $12.97 and its 200 day moving average price is $12.84.
Acadian Timber Cuts Dividend
The company also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.2118 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend was Friday, September 27th. Acadian Timber’s dividend payout ratio (DPR) is 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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