VANCOUVER, BC, Dec. 12,
2023 /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 January 15,
2024 to shareholders of record on December 29,
2023.
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.
Further, as previously announced, Sean
McLaren will succeed Ray
Ferris as President and Chief Executive Officer following
Ray's retirement at the end of the year. The Board of
Directors has appointed Sean McLaren
to join the Board of Directors effective January 1, 2024 in place of Ray Ferris.
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.
For More Information
Investor
Contact
Robert B. Winslow,
CFA
Director, Investor Relations & Corporate Development
Tel. (416) 777-4426
shareholder@westfraser.com
Media Contact
Joyce
Wagenaar
Director, Communications
Tel. (604) 817-5539
media@westfraser.com
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SOURCE West Fraser Timber Co. Ltd.
