West Fraser Timber raising quarterly dividend by 20 per cent

VANCOUVER — West Fraser Timber Co. Ltd. is raising its quarterly dividend by 20 per cent.

The company says it will now pay a quarterly dividend of 30 cents US per share starting with its July 8 payment to shareholders of record on June 22.

West Fraser had paid a quarterly dividend of 25 cents US per share.

The company says the increased payment to shareholders follows its recent share buyback plan that reduced its number of shares outstanding.