West Fraser Timber raises quarterly dividend to 32c per share from 30c

West Fraser Timber has declared a quarterly dividend of 32c per share on the Common shares and Class B Common shares in the capital of the company, payable on July 12, 2024 to shareholders of record on June 26, 2024. The quarterly dividend has been increased from the prior 30c per share in light of the share count reduction resulting from execution of recent normal course issuer bids. “We are pleased to increase our dividend this quarter,” said Sean McLaren, West Fraser’s President and CEO. “A sustainable quarterly dividend is a key priority within our capital allocation strategy.”