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

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

Acadian Timber Stock Performance

Shares of ADN traded down C$0.25 during midday trading on Friday, reaching C$17.64. 2,711 shares of the stock were exchanged, compared to its average volume of 6,992. The business’s 50-day moving average price is C$17.44 and its 200 day moving average price is C$17.66. The company has a market capitalization of C$312.23 million, a price-to-earnings ratio of 11.06, a PEG ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. Acadian Timber has a twelve month low of C$16.37 and a twelve month high of C$18.48.

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.