Acadian Timber (TSE:ADN) Reaches New 52-Week Low – What’s Next?

Acadian Timber Corp. (TSE:ADN)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$16.73 and last traded at C$16.75, with a volume of 14309 shares traded. The stock had previously closed at C$17.25.

Acadian Timber Stock Down 2.7 %

The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43. The firm’s 50-day simple moving average is C$17.45 and its two-hundred day simple moving average is C$17.66. The stock has a market cap of C$297.19 million, a price-to-earnings ratio of 10.52, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend is Monday, March 31st. Acadian Timber’s dividend payout ratio is 72.71%.

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.