Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 10,400 shares, a drop of 17.5% from the June 30th total of 12,600 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 2.4 days.
Acadian Timber Stock Performance
Acadian Timber stock opened at $13.28 on Tuesday. Acadian Timber has a 1 year low of $11.13 and a 1 year high of $13.81. The firm’s 50-day moving average is $12.66 and its 200-day moving average is $12.63.
Acadian Timber Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.2118 dividend. The ex-dividend date was Friday, June 28th. This represents a yield of 6.83%. Acadian Timber’s dividend payout ratio is currently 168.37%.
Acadian Timber Company Profile
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.
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