Western Forest Products confirmed that a quarterly dividend of CAD 0.02 per share will be paid with respect to the company’s third fiscal quarter of 2017 to shareholders of record as at the close of business on Friday, September 1, 2017 and will be distributed on or about Friday, September 15, 2017.
The company informed that its Board of Directors will review the amount of the dividend on a quarterly basis.
In 2Q2016 Western Forest Products increased Adjusted EBITDA margin to 16.4%.
Earlier Western Forest Products and Huu-ay-aht First Nations completed sale and purchase of three properties in Canada.
About Western Forest Products:
Western is an integrated Canadian forest products company and the largest coastal British Columbia woodland operator and lumber producer with an annual available harvest of approximately 6.1 million cubic metres of timber of which approximately 5.9 million cubic metres is from Crown lands and lumber capacity in excess of 1.1 billion board feet from eight sawmills and two remanufacturing plants. Principal activities conducted by the Company include timber harvesting, reforestation, sawmilling logs into lumber and wood chips and value-added remanufacturing. Substantially all of Western’s operations, employees and corporate facilities are located in the coastal region of British Columbia while its products are sold in over 25 countries worldwide.