WEST FRASER DECLARES DIVIDEND

Rhea-AI Summary

West Fraser Timber Co. Ltd. (WFG) announced a quarterly dividend of US$0.30 per share, scheduled for payment on October 7, 2022. Shareholders of record by September 22, 2022 will receive this dividend, which is classified as an eligible dividend under Canadian tax law. Shareholders can opt to receive dividends in either U.S. or Canadian dollars. West Fraser is a diversified wood products company operating over 60 facilities across Canada, the United States, the United Kingdom, and Europe, specializing in sustainably sourced wood products.

Positive

• Quarterly dividend of US$0.30 per share enhances shareholder income.
• Consistent dividend payment reflects company confidence and financial stability.

Negative

• None.

VANCOUVER, BC, Sept. 7, 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 October 7, 2022 to shareholders of record on September 22, 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-301619622.html

SOURCE West Fraser Timber Co. Ltd.

FAQ

What is the dividend amount for West Fraser (WFG) in 2022?

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 paid on October 7, 2022.

What is the record date for West Fraser's dividend?

The record date for the dividend is September 22, 2022.

Can shareholders choose the currency for their dividend payment from West Fraser (WFG)?

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

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

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