Western Forest Products (OTCMKTS:WFSTF) Trading 1% Higher

Western Forest Products Inc. (OTCMKTS:WFSTFGet Rating)’s stock price traded up 1% during trading on Thursday . The stock traded as high as $1.16 and last traded at $1.16. 3,086 shares traded hands during trading, a decline of 81% from the average session volume of 16,001 shares. The stock had previously closed at $1.15.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Scotiabank cut their price objective on Western Forest Products from C$2.75 to C$2.50 in a research note on Friday, June 17th. TD Securities cut their price objective on Western Forest Products from C$2.25 to C$1.75 in a research note on Thursday, June 23rd.

Western Forest Products Price Performance

The business has a 50-day moving average price of $1.21 and a 200-day moving average price of $1.46.

Western Forest Products Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, May 27th were given a $0.0098 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This is a positive change from Western Forest Products’s previous dividend of $0.01. This represents a dividend yield of 2.79%.

Western Forest Products Company Profile

(Get Rating)

Western Forest Products Inc engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber purchasing and wholesaling businesses. Its products have applications in outdoor living; exterior appearance; interior living; and structural applications.

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