West Fraser Declares Dividend

Rhea-AI Summary

West Fraser Timber Co. Ltd. (WFG) has announced a quarterly dividend of US$0.20 per share on its Common and Class B Common shares. This dividend is payable on January 11, 2022, to shareholders recorded by December 28, 2021. As of October 27, 2021, dividends will be declared and payable in U.S. dollars, with shareholders having the option to receive them in Canadian dollars. The dividends qualify as eligible dividends under Canadian tax laws.

Positive

• Quarterly dividend of US$0.20 enhances shareholder income.
• Dividends designated as eligible pursuant to Canadian tax law.

Negative

• None.

VANCOUVER, BC, Dec. 7, 2021 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) has declared today a quarterly dividend of US$0.20 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 11, 2022 to shareholders of record on December 28, 2021.

As announced on October 27, 2021, West Fraser dividends are now 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.

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.

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-301439589.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$0.20 per share.

When will the dividend be paid to West Fraser shareholders?

The dividend will be paid on January 11, 2022.

What is the record date for the West Fraser dividend?

The record date for the dividend is December 28, 2021.

Can West Fraser dividends be received in Canadian dollars?

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

Are West Fraser dividends considered eligible dividends?

Yes, the dividends are designated as eligible dividends under Canadian tax law.