Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report) rose 1.4% during trading on Tuesday . The company traded as high as $13.33 and last traded at $13.31. Approximately 1,996 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 2,797 shares. The stock had previously closed at $13.13.
Acadian Timber Stock Performance
The firm has a 50 day simple moving average of $12.42 and a two-hundred day simple moving average of $12.34.
Acadian Timber Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.2029 dividend. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 6.67%. Acadian Timber’s dividend payout ratio is currently 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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