WEST FRASER DECLARES DIVIDEND

Rhea-AI Summary

West Fraser Timber Co. Ltd. (WFG) has announced a quarterly dividend of US$0.30 per share, payable on January 13, 2023, for shareholders of record on December 30, 2022. The dividend is classified as an eligible dividend under Canadian tax regulations. Shareholders have the option to receive their dividends in Canadian dollars. West Fraser operates over 60 facilities across Canada, the U.S., the UK, and Europe, producing a range of wood products essential for construction and industrial applications.

Positive

• Quarterly dividend of US$0.30 per share supports income for shareholders.
• Dividend payment reflects company confidence in financial stability.

Negative

• None.

VANCOUVER, BC, Dec. 6, 2022 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) has declared a quarterly dividend of US$0.30 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 13, 2023 to shareholders of record on December 30, 2022.

Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.

Dividends are declared and payable in U.S. dollars.  Shareholders may elect to receive their dividends in Canadian dollars.  Details regarding the election procedure are available on our website at www.westfraser.com in the "Investors/Stock Information/Dividends" section.

About West Fraser

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe.  From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy.  West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

View original content:https://www.prnewswire.com/news-releases/west-fraser-declares-dividend-301696368.html

SOURCE West Fraser Timber Co. Ltd.

FAQ

What is the dividend amount declared by West Fraser (WFG)?

West Fraser has declared a quarterly dividend of US$0.30 per share.

When will the dividend be paid to shareholders of West Fraser (WFG)?

The dividend will be payable on January 13, 2023.

What is the record date for the West Fraser (WFG) dividend?

The record date for the dividend is December 30, 2022.

Can shareholders receive the West Fraser (WFG) dividend in Canadian dollars?

Yes, shareholders can elect to receive their dividends in Canadian dollars.

Is the West Fraser (WFG) dividend eligible for tax benefits?

Yes, the dividend is designated as an eligible dividend under Canadian tax laws.