Acadian Timber Corp. (OTCMKTS:ACAZF) Raises Dividend to $0.22 Per Share

Acadian Timber Corp. (OTCMKTS:ACAZF) declared a dividend on Thursday, March 21st, investing.com reports. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.2153 per share on Monday, April 15th. This represents a dividend yield of 6.79%. The ex-dividend date is Wednesday, March 27th. This is a positive change from Acadian Timber’s previous dividend of $0.21.

Acadian Timber Stock Performance

Shares of OTCMKTS ACAZF traded down $0.06 during midday trading on Tuesday, hitting $12.79. 1,400 shares of the company’s stock were exchanged, compared to its average volume of 5,240. Acadian Timber has a 12 month low of $11.13 and a 12 month high of $13.81. The company’s 50 day moving average price is $12.43 and its 200 day moving average price is $12.43.

Wall Street Analyst Weigh In

Separately, Raymond James restated a “buy” rating and issued a $18.50 price target on shares of Acadian Timber in a research note on Monday, February 12th.

Acadian Timber Company Profile

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.