National

West Fraser Timber raising quarterly dividend

Darpan News Desk The Canadian Press, 08 Jun, 2022 09:39 AM

VANCOUVER - West Fraser Timber Co. Ltd. is raising its quarterly dividend by 20 per cent.

The company says it will now pay a quarterly dividend of 30 cents US per share starting with its July 8 payment to shareholders of record on June 22.

West Fraser had paid a quarterly dividend of 25 cents US per share.

The company says the increased payment to shareholders follows its recent share buyback plan that reduced its number of shares outstanding.

West Fraser produces lumber, engineered wood products, pulp, newsprint, wood chips, other residuals and renewable energy.

It has more than 60 facilities in Canada, the United States, the United Kingdom and Europe.

Prev Next

MORE National ARTICLES

Provincial health officials says uncertainty about new variants BA.2

She says the province will integrate wastewater surveillance testing into its regular surveillance of respiratory illness including influenza, and also include other pathogens to get a periodic snapshot of what else may be circulating in communities.

Provincial health officials says uncertainty about new variants BA.2

Interest rate hike won't cool housing, say experts

While the interest rate’s impact on prices may be limited, the increase Wednesday will affect some mortgage holders immediately. Interest rate hikes typically weigh on homeowners with variable-rate mortgages because many banks use the central bank’s key rate to dictate how they should change their prime interest rate.

Interest rate hike won't cool housing, say experts

Trudeau says sanction solidarity surprises Putin

Trudeau says Putin likely never imagined that Germany would freeze its lucrative Nord Stream 2 pipeline project with Russia or decide to send anti-tank weapons and surface to air missiles to Ukraine.

Trudeau says sanction solidarity surprises Putin

Surrey RCMP need help locating missing male Jimsher Sidhu

Jimsher Sidhu is described as a 25 year old South Asian male, 6’3” tall, 250 lbs. He has short black hair and brown eyes. There is no clothing description at this time.

Surrey RCMP need help locating missing male Jimsher Sidhu

Bank of Canada hikes key interest rate to 0.5 percent

The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent on Wednesday in a bid to help fight inflation which is at its highest level since 1991.

Bank of Canada hikes key interest rate to 0.5 percent

Security guard killed at UBC Okanagan identified as Harmandeep Kaur

Harmandeep Kaur was an International student and had just received her Permanent Residency card 3 weeks ago. She wanted to pursue a career as a paramedic.