West Fraser Timber Co. declares quarterly dividend of US$0.32 per share
West Fraser Timber Co. Ltd. (TSX and NYSE: WFG) has declared a quarterly dividend of US$0.32 per share. The dividend applies to both Common and Class B Common shares and will be paid on October 11, 2024, to shareholders of record as of September 26, 2024.
Dividend details and currency choice
The dividend is designated as an eligible dividend under subsection 89(14) of the Income Tax Act (Canada) and complies with applicable provincial rules on eligible dividends. Payments are made in U.S. dollars by default. Shareholders may choose to receive the dividend in Canadian dollars instead.
How to elect Canadian-dollar payment
If you’d prefer to receive your dividend in Canadian dollars rather than U.S. dollars, West Fraser provides step-by-step instructions on its website. Look for the information under the section titled ‘Investors/Stock Information/Dividends’.
About West Fraser
West Fraser is a diversified wood products manufacturer operating more than 60 facilities across the United States, the United Kingdom, and Europe. The company emphasizes sustainable forest management throughout its operations, reflecting a long-standing focus on responsible resource use.
Products and where they’re used
West Fraser produces a broad lineup of wood and paper-related products. Its portfolio includes lumber and engineered wood such as OSB, LVL, MDF, plywood, and particleboard. The company also manufactures pulp, newsprint, wood chips, and other residuals, including renewable energy materials. These products are used in homebuilding, repair and remodeling, a range of industrial applications, and in paper products such as tissues and box materials.
Innovation and sustainability
West Fraser continues to invest in technology and sustainable practices across its facilities. Those investments support operational efficiency and reinforce the company’s commitment to environmental stewardship in day-to-day production.
Outlook
Looking ahead, West Fraser Timber Co. Ltd. remains focused on strong execution and delivering value to shareholders. The quarterly dividend underscores that focus—returning cash to investors while the company navigates a changing market.
Frequently Asked Questions
How much is the dividend, and who receives it?
The dividend is US$0.32 per share. It applies to both Common and Class B Common shares of West Fraser.
What are the key dates I should know?
The record date is September 26, 2024, and the payment date is October 11, 2024. Shareholders of record on the record date will receive the dividend.
In what currency will I be paid?
Dividends are paid in U.S. dollars by default. You can elect to receive payment in Canadian dollars if you prefer.
How do I choose to receive Canadian dollars?
Instructions are available on West Fraser’s website in the ‘Investors/Stock Information/Dividends’ section. Follow the steps provided there to make your election.
What does West Fraser produce, and where are these products used?
West Fraser produces lumber; engineered wood products like OSB, LVL, MDF, plywood, and particleboard; and pulp, newsprint, wood chips, and other residuals, including renewable energy materials. These are used in home construction, repair and remodeling, industrial applications, and paper products such as tissues and box materials.
