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West Fraser Declares Dividend

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West Fraser Timber Co. (TSX and NYSE: WFG) has announced a quarterly dividend of US$0.32 per share on both Common and Class B Common shares. The dividend is payable on October 11, 2024, to shareholders of record as of September 26, 2024. These dividends are designated as eligible dividends under Canadian tax law. While declared and payable in U.S. dollars, shareholders have the option to receive their dividends in Canadian dollars. Detailed information about the election procedure is available on the company's website under the Investors section.

West Fraser Timber Co. (TSX e NYSE: WFG) ha annunciato un dividendo trimestrale di US$0.32 per azione sia per le azioni ordinarie che per le azioni di Classe B. Il dividendo è pagabile il 11 ottobre 2024 agli azionisti registrati al 26 settembre 2024. Questi dividendi sono designati come dividendi idonei secondo la normativa fiscale canadese. Anche se dichiarati e pagabili in dollari statunitensi, gli azionisti hanno la possibilità di ricevere i loro dividendi in dollari canadesi. Maggiori dettagli sulla procedura di elezione sono disponibili sul sito web dell'azienda nella sezione Investitori.

West Fraser Timber Co. (TSX y NYSE: WFG) ha anunciado un dividendo trimestral de US$0.32 por acción tanto para acciones comunes como para acciones de Clase B. El dividendo es pagadero el 11 de octubre de 2024, a los accionistas registrados a partir del 26 de septiembre de 2024. Estos dividendos se clasifican como dividendos elegibles según la legislación fiscal canadiense. Aunque se declaran y se pagan en dólares estadounidenses, los accionistas tienen la opción de recibir sus dividendos en dólares canadienses. La información detallada sobre el procedimiento de elección está disponible en el sitio web de la compañía en la sección de Inversores.

West Fraser Timber Co. (TSX 및 NYSE: WFG)는 주당 US$0.32의 분기 배당금을 보통주 및 클래스 B 보통주에 대해 발표했습니다. 배당금은 2024년 10월 11일에 지급되며, 2024년 9월 26일 기준의 주주에게 지급됩니다. 이 배당금은 캐나다 세법에 따라 적격 배당금으로 지정됩니다. 미국 달러로 선언되고 지급되지만, 주주들은 자신의 배당금을 캐나다 달러로 받을 수 있는 선택권이 있습니다. 선거 절차에 대한 자세한 정보는 회사 웹사이트의 투자자 섹션에서 확인할 수 있습니다.

West Fraser Timber Co. (TSX et NYSE: WFG) a annoncé un dividende trimestriel de 0,32 $ US par action sur les actions ordinaires et les actions de classe B. Le dividende sera payable le 11 octobre 2024 aux actionnaires enregistrés au 26 septembre 2024. Ces dividendes sont désignés comme des dividendes admissibles selon la législation fiscale canadienne. Bien qu'ils soient déclarés et payés en dollars américains, les actionnaires ont la possibilité de recevoir leurs dividendes en dollars canadiens. Des informations détaillées sur la procédure d'élection sont disponibles sur le site Web de l'entreprise dans la section Investisseurs.

West Fraser Timber Co. (TSX und NYSE: WFG) hat eine vierteljährliche Dividende von US$0.32 pro Aktie für sowohl Stammaktien als auch Class B Stammaktien angekündigt. Die Dividende ist am 11. Oktober 2024 fällig für Aktionäre, die am 26. September 2024 registriert sind. Diese Dividenden sind gemäß dem kanadischen Steuerrecht als berechtigte Dividenden ausgewiesen. Obwohl sie in US-Dollar erklärt und ausgezahlt werden, haben Aktionäre die Möglichkeit, ihre Dividenden in kanadischen Dollar zu erhalten. Detaillierte Informationen über das Wahlverfahren sind auf der Unternehmenswebsite im Bereich Investoren verfügbar.

Positive
  • Consistent quarterly dividend payout of US$0.32 per share
  • Dividends are eligible for favorable tax treatment under Canadian law
  • Flexibility for shareholders to receive dividends in USD or CAD
Negative
  • None.

VANCOUVER, BC, Sept. 10, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) has declared a quarterly dividend of US$0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on October 11, 2024 to shareholders of record on September 26, 2024.

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, which promotes sustainable forest practices in its operations. 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. For more information about West Fraser, visit: westfraser.com.

Cision View original content:https://www.prnewswire.com/news-releases/west-fraser-declares-dividend-302244309.html

SOURCE West Fraser Timber Co. Ltd.

FAQ

What is the amount of West Fraser's (WFG) quarterly dividend for 2024?

West Fraser (WFG) has declared a quarterly dividend of US$0.32 per share for both Common and Class B Common shares.

When is the payment date for West Fraser's (WFG) latest dividend?

The dividend is payable on October 11, 2024, to shareholders of record as of September 26, 2024.

Can shareholders choose the currency for West Fraser's (WFG) dividend payment?

Yes, while dividends are declared and payable in U.S. dollars, shareholders can elect to receive their dividends in Canadian dollars.

Are West Fraser's (WFG) dividends eligible for tax benefits in Canada?

Yes, the dividends are designated as eligible dividends pursuant to Canadian tax laws, which may offer tax advantages to shareholders.

West Fraser Timber Co. Ltd

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Lumber & Wood Production
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