West Fraser Timber Co. Ltd.

WFG

Basic Materials · Lumber & Wood Production · Stock · quarterly payer

$65.40

Undervalued · +93% Add to Portfolio

Forward Yield

1.96%

Annual Dividend

$1.28

Payout Ratio

76%

5-Yr Growth

16.5%

Ex-Date

Sep 29, 2026

Frequency

Quarterly

Key facts about WFG's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, West Fraser Timber Co. Ltd. (WFG) has a forward dividend yield of 1.96%, based on an annual dividend of $1.28 per share and a share price of $65.40.
As of Oct 18, 2026, WFG's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, West Fraser Timber Co. Ltd. (WFG) has raised its dividend for 5 consecutive years as of Oct 18, 2026.
WFG last cut its regular dividend in 2015.
WFG's most recent ex-dividend date was Sep 29, 2026, for a dividend of $0.32 per share.
As of Oct 18, 2026, WFG pays out 76% of its trailing 12-month earnings as dividends (its payout ratio).
WFG's dividend has grown at an average rate of 16.5% a year over the past five years.
As of Oct 18, 2026, WFG's 1.96% yield is 56% above its five-year average yield of 1.26%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for WFG is $126.00 per share, 93% above the $65.40 share price, so WFG screens as undervalued.
West Fraser Timber Co. Ltd. (WFG) pays its dividend quarterly, 4 times a year.
West Fraser Timber Co. Ltd. (WFG) has raised its regular dividend 20 times and cut it 12 times across the 51 payments on record since 2013. Its most recent change was a 6.7% increase to $0.320 per share, going ex-dividend on Jun 26, 2024. The last cut went ex-dividend on Sep 22, 2021.

Cite this page

SmarterDividends, "WFG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/WFG

Summary

As of Oct 18, 2026, West Fraser Timber Co. Ltd. (WFG) yields 1.96% ($1.28 a year per share), has a dividend safety grade of C (57/100) and has 5 consecutive years of dividend increases on record.

Is WFG a good dividend stock?

Mixed

West Fraser Timber Co. Ltd. (WFG) pays a quarterly dividend yielding 1.96% ($1.28/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Strong 16.5% 5-yr dividend growth

Risks

Cut its dividend in 2015
Share price is down over the past 5 years

Key Data

Dividend Yield: 1.96%
Payout Ratio: 76%
Annual Dividend: $1.28
5-Yr Avg Growth: 16.5%
Ex-Dividend Date: Sep 29, 2026
Years of Growth: 5
Frequency: quarterly
Beta: 1.14
Market Cap: $5.1B
P/E Ratio: —
5-Yr Total Return: -20%
52-Week Range: $57.34 – $76.99
Dividend Safety: C · 57/100
Ever Cut?: Yes (2015)

WFG dividend raises and cuts

West Fraser Timber Co. Ltd. (WFG) has raised its regular dividend 20 times and cut it 12 times across the 51 payments on record since 2013. Its most recent change was a 6.7% increase to $0.320 per share, going ex-dividend on Jun 26, 2024. The last cut went ex-dividend on Sep 22, 2021.

Ex-date	Change	Old → new	Move
Jun 26, 2024	Raise	$0.300 → $0.320	+6.7%
Jun 21, 2022	Raise	$0.250 → $0.300	+20.0%
Mar 17, 2022	Raise	$0.200 → $0.250	+25.0%
Dec 23, 2021	Raise	$0.195 → $0.200	+2.6%
Sep 22, 2021	Cut	$0.202 → $0.195	−3.5%
Jun 18, 2021	Raise	$0.161 → $0.202	+25.5%
Mar 17, 2021	Raise	$0.156 → $0.161	+3.2%
Dec 24, 2020	Raise	$0.150 → $0.156	+4.0%
Sep 29, 2020	Raise	$0.148 → $0.150	+1.4%
Jul 6, 2020	Raise	$0.143 → $0.148	+3.5%
Mar 17, 2020	Cut	$0.152 → $0.143	−5.9%
Dec 24, 2019	Raise	$0.151 → $0.152	+0.7%

Show all 32 changes since 2014

Ex-date	Change	Old → new	Move
Jun 25, 2019	Raise	$0.150 → $0.152	+1.3%
Mar 15, 2019	Raise	$0.147 → $0.150	+2.0%
Dec 24, 2018	Raise	$0.113 → $0.147	+30.1%
Jun 26, 2018	Cut	$0.115 → $0.113	−1.7%
Mar 16, 2018	Raise	$0.0860 → $0.115	+33.7%
Dec 22, 2017	Cut	$0.0890 → $0.0860	−3.4%
Sep 25, 2017	Raise	$0.0530 → $0.0890	+67.9%
Mar 16, 2017	Raise	$0.0520 → $0.0530	+1.9%
Dec 16, 2016	Cut	$0.0530 → $0.0520	−1.9%
Sep 27, 2016	Cut	$0.0550 → $0.0530	−3.6%
Jun 24, 2016	Raise	$0.0530 → $0.0550	+3.8%
Mar 17, 2016	Raise	$0.0510 → $0.0530	+3.9%
Dec 17, 2015	Cut	$0.0530 → $0.0510	−3.8%
Sep 24, 2015	Cut	$0.0570 → $0.0530	−7.0%
Jun 25, 2015	Raise	$0.0550 → $0.0570	+3.6%
Mar 18, 2015	Cut	$0.0600 → $0.0550	−8.3%
Dec 18, 2014	Cut	$0.0630 → $0.0600	−4.8%
Sep 25, 2014	Cut	$0.0650 → $0.0630	−3.1%
Jun 26, 2014	Raise	$0.0630 → $0.0650	+3.2%
Mar 19, 2014	Cut	$0.0655 → $0.0630	−3.8%

Every WFG payment →Download every raise and cut (CSV)

WFG ex-dividend date & scheduleNext ex-date Sep 29, 2026 · full ex-dividend historyView →WFG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is WFG a good dividend stock?

Mixed. West Fraser Timber Co. Ltd. (WFG) pays a quarterly dividend yielding 1.96% ($1.28/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is WFG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WFG's fair value is about $126.00 versus a $65.40 share price — so it looks undervalued (+93% vs. fair value).

Is WFG's dividend safe?

WFG has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is WFG's fair value?

Our blended fair-value estimate for WFG is about $126.00 per share, roughly 93% above the current $65.40 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WFG a buy, hold, or sell?

We don't issue formal ratings, but on the data WFG screens as "mixed" and undervalued. West Fraser Timber Co. Ltd. (WFG) pays a quarterly dividend yielding 1.96% ($1.28/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will WFG cut its dividend?

WFG earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WFG pay a dividend?

Yes. West Fraser Timber Co. Ltd. pays a quarterly dividend of about $1.28 per share annually, a forward yield of roughly 1.96%.

What is WFG's dividend yield?

As of Oct 18, 2026, WFG's forward dividend yield is 1.96%, based on a $1.28 annual dividend and a $65.40 share price.

What is WFG's dividend per share?

As of Oct 18, 2026, WFG pays $1.28 per share per year, distributed on a quarterly basis.

What is WFG's dividend payout ratio?

As of Oct 18, 2026, WFG's payout ratio is 76% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has WFG grown its dividend?

As of Oct 18, 2026, WFG has increased its dividend for 5 consecutive years.

When is the next WFG ex-dividend date?

As of Oct 18, 2026, WFG's next ex-dividend date hasn't been announced. The most recent was Sep 29, 2026, for $0.32 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full WFG dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 29, 2026	Oct 19, 2026	$0.3200	regular
Jun 25, 2026	Jul 13, 2026	$0.3200	regular
Mar 13, 2026	Apr 2, 2026	$0.3200	regular
Jun 26, 2025	Jul 14, 2025	$0.3200	regular
Mar 14, 2025	Apr 3, 2025	$0.3200	regular
Dec 27, 2024	Jan 14, 2025	$0.3200	regular
Sep 26, 2024	Oct 11, 2024	$0.3200	regular
Jun 26, 2024	Jul 12, 2024	$0.3200	regular
Mar 14, 2024	Apr 4, 2024	$0.3000	regular
Dec 28, 2023	Jan 15, 2024	$0.3000	regular
Sep 26, 2023	Oct 13, 2023	$0.3000	regular
Jun 20, 2023	Jul 7, 2023	$0.3000	regular
Mar 16, 2023	Apr 4, 2023	$0.3000	regular
Dec 29, 2022	Jan 13, 2023	$0.3000	regular