Latest news with #woodproducts
Globe and Mail
2 days ago
- Business
- Globe and Mail
West Fraser Declares Dividend
VANCOUVER, BC , June 11, 2025 /CNW/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) has declared a quarterly dividend of US$0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 14, 2025 to shareholders of record on June 26, 2025. 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 in the "Investors/Dividends" section. About West Fraser West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, and other residuals. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers and tissue. For more information about West Fraser, visit:
Yahoo
22-05-2025
- Business
- Yahoo
Weyerhaeuser to sell Princeton, B.C., lumber mill to Gorman Group for C$120M
Weyerhaeuser (WY) announced it has reached an agreement to sell its lumber mill in Princeton, British Columbia, to the Gorman Group, owners of Gorman Bros. Lumber Ltd., a family-owned wood products manufacturer headquartered in West Kelowna, B.C. The purchase price is approximately C$120M in cash, which includes Weyerhaeuser's manufacturing facility, all associated timber license assets in British Columbia and the value of working capital, which will be subject to customary purchase price adjustments at closing. The transaction is subject to customary closing conditions, including regulatory review, with the sale of the mill expected to be completed in third-quarter 2025, and the forest tenures to follow over the ensuing months. Weyerhaeuser expects to recognize a gain on the sale and incur a tax liability of approximately C$15M. Weyerhaeuser's other operations in Canada will not be affected by this transaction, and the company will continue to operate the Princeton mill independently of the Gorman Group until the transaction closes. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on WY: Disclaimer & DisclosureReport an Issue Weyerhaeuser Holds Annual Shareholders Meeting on May 9 Weyerhaeuser authorizes new $1B share repurchase program Weyerhaeuser Reports Solid Q1 Earnings Amid Market Challenges Weyerhaeuser's Earnings Call: Growth Amid Challenges Weyerhaeuser's Strong Q1 Performance and Strategic Positioning Justify Buy Rating
Entrepreneur
19-05-2025
- Business
- Entrepreneur
Buybacks and Big-Time Developments: 3 Stocks Making Huge Moves
Billions in new buyback capacity, dividend initiation, and a Buffett-backed partnership are among the big news surrounding three large-cap U.S. stocks. This story originally appeared on MarketBeat Several large-cap stocks recently announced buybacks worth billions, boosting their ability to return capital to shareholders. However, these names also have other important recent developments surrounding them that have big implications for shareholders. One company is joining forces with a top Warren Buffett stock pick to give itself a big source of future revenue. Another announced a huge foreign AI deal, and the last company is now returning capital to shareholders in multiple ways. All data used is as of the May 16 close. Weyerhaeuser: Teaming Up With a Buffett-Favorite for Long-Term Revenue Generation [content-module:CompanyOverview|NYSE:WY] First up is Weyerhaeuser (NYSE: WY). Weyerhaeuser is one of the world's largest owners of timberland, controlling millions of acres of forest used to grow and harvest timber. The company is also one of the largest producers of wood products in North America. Weyerhaeuser recently announced a share buyback program worth $1 billion. The company has spent almost $100 million in buybacks so far in 2025, which completed its previous $1 billion buyback program. For Weyerhaeuser, $1 billion represents around 5% of the company's market capitalization. The company also has a very solid indicated dividend yield of around 3.2%. For Weyerhaeuser, the other important news was an update on its partnership with one of Warren Buffett's biggest recent bets. Weyerhaeuser has a partnership with Occidental Petroleum (NYSE: OXY) to capture and sequester carbon dioxide (CO2) gas. Weyerhaeuser has agreed to lease 30,000 acres of underground space below its forest to store CO2. Occidental recently announced a 25-year agreement with CF Industries and other partners to store 2.3 million tons a year of CO2 under Weyerhaeuser's forest. The facility that CF Industries is building won't be operational until 2029. However, once it is, Weyerhaeuser will have a long-term source of revenue that will cost the company relatively little. Weyerhaeuser will still continue to grow and harvest timber above the land. This agreement now lets Weyerhaeuser generate revenue from the underground area that it wasn't making any money from before. Advanced Micro Devices: Billions in Buybacks and Saudi Business [content-module:CompanyOverview|NASDAQ:AMD] Next up is chip stock Advanced Micro Devices (NASDAQ: AMD). AMD's overall value is under 10% of NVIDIA's (NASDAQ: NVDA). However, it is still NVIDIA's biggest competitor in the graphics processing unit market. These are the highly advanced chips used to train frontier AI models. AMD recently announced a substantial $6 billion share buyback program. A key point in this announcement is that this repurchase adds to the $4 billion the company had left from its last buyback plan. Overall, AMD now has $10 billion in share buyback capacity. This is equal to over 5% of the stock's market capitalization as of the May 16 close. The other huge piece of news was the deal AMD struck with Saudi Arabia. AMD announced a $10 billion deal with HUMAIN, a new AI company operated by the Saudi government, to supply AI computing technology. This comes as the Trump administration ended the AI Diffusion rule, clearing the path for U.S. chip companies to work with the country. This likely won't be the last agreement struck by AMD and countries that have had their AI ambitions limited by the AI Diffusion rule. Western Digital: Post-SanDisk Split, Buybacks, and Dividends Are Ramping Up [content-module:CompanyOverview|NASDAQ:WDC] Last up is Western Digital (NASDAQ: WDC). The company is among the leaders in the hard disk drive (HDD) and solid-state drive (SSD) market. This hardware stores information like electronic documents and program files on a personal computer. This also extends to storing information in cloud data centers, which accounted for 87% of its total revenue last quarter and saw growth of 38%. Western Digital announced a $2 billion share buyback program. This is equal to a very large 11% of the company's market cap, highlighting the confidence the firm has in the future of its business. AI is set to increase data generation, which will create significant demand for the company's products going forward. Note that the large drop in revenues last quarter is due to the firm's separation from SanDisk and is not indicative of underlying weakness. In other big news, the company also announced it will begin paying a quarterly dividend. This will be the first time the firm has done so since 2020. Right off the bat, Western Digital has a notable dividend yield of around 0.8%. The company is now returning capital in two ways, a big benefit to shareholders. More Than Just Buybacks: A Broader Investment Thesis While billion-dollar buybacks grab headlines, the bigger picture for Weyerhaeuser, AMD, and Western Digital is their forward-looking strategies. Each company is leveraging unique partnerships, expanding into key growth areas, or re-engaging shareholders through dividends. For investors, these moves suggest real depth behind the capital returns and a reason to watch these stocks beyond the next quarter. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
