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West Fraser announces quarterly dividend

West Fraser Timber Co. recently 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. This dividend is payable on October 7, 2022 to all shareholders of record as 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. West Fraser noted that the dividends are declared and payable in U.S. dollars.  However, the shareholders may elect to receive their dividends in Canadian dollars.

Further details regarding the election procedure are available on the company’s website in the “Investors/Stock Information/Dividends” section.