West Fraser Timber Co. has declared a quarterly dividend of US$0.20 per share on the common shares and Class B common shares in the capital of the company. This is payable on January 11, 2022, to shareholders of record as of December 28, 2021.
West Fraser had announced on October 27 this year that its 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 explained on the company’s 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.
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