|By Marketwired .||
|May 13, 2014 07:04 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/13/14 -- Western Forest Products Inc. (TSX:WEF) ("Western" or the "Company") is pleased to confirm that the previously announced quarterly dividend of $0.02 per share will be paid with respect to the Company's second fiscal quarter of 2014 to shareholders of record as at the close of business on Monday, June 2, 2014 and will be distributed on or about Friday, June 20, 2014.
The dividend will return a portion of the Company's net cash to shareholders, after taking into consideration the Company's liquidity and ongoing capital needs. The Board of Directors will review the amount of the dividend on a quarterly basis. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes.
About Western Forest Products Inc.
Western is an integrated Canadian forest products company and the largest coastal British Columbia woodland operator and lumber producer with an annual available harvest of approximately 6.4 million cubic metres of timber of which approximately 6.2 million cubic metres is from Crown lands and lumber capacity in excess of 1.1 billion board feet from eight sawmills and two remanufacturing plants. Principal activities conducted by the Company include timber harvesting, reforestation, sawmilling logs into lumber and wood chips and value-added remanufacturing. Substantially all of Western's operations, employees and corporate facilities are located in the coastal region of British Columbia while its products are sold in over 25 countries worldwide.
Forward-Looking Statements and Information
This press release contains statements which constitute forward-looking statements and forward-looking information within the meaning of applicable securities laws. Those statements and information appear in a number of places in this document and include statements and information regarding our current intent, belief or expectations primarily with respect to market and general economic conditions, future costs, expenditures, available harvest levels and our future operating performance, objectives and strategies. Such statements and information may be indicated by words such as "estimate", "expect", "anticipate", "plan", "intend", "believe", "should", "may" and similar words and phrases. Readers are cautioned that it would be unreasonable to rely on any such forward- looking statements and information as creating any legal rights, and that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. Such risks and uncertainties include, among others: general economic conditions, competition and selling prices, changes in foreign currency exchange rates, labour disruptions, natural disasters, relations with First Nations groups, changes in laws, regulations or public policy, misjudgments in the course of preparing forward-looking statements or information, changes in opportunities and other factors referenced under the "Risks and Uncertainties" section of our MD&A in our 2013 Annual Report dated February 20, 2014. All written and oral forward-looking statements or information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Except as required by law, Western does not expect to update forward-looking statements or information as conditions change.
Western Forest Products Inc.
Chief Financial Officer & Corporate Secretary
Oct. 23, 2016 10:00 AM EDT Reads: 3,991
Oct. 23, 2016 09:45 AM EDT Reads: 776
Oct. 23, 2016 09:45 AM EDT Reads: 2,471
Oct. 23, 2016 09:45 AM EDT Reads: 1,004
Oct. 23, 2016 09:45 AM EDT Reads: 1,870
Oct. 23, 2016 09:30 AM EDT Reads: 3,811
Oct. 23, 2016 09:30 AM EDT Reads: 2,118
Oct. 23, 2016 09:15 AM EDT Reads: 2,061
Oct. 23, 2016 09:00 AM EDT Reads: 4,453
Oct. 23, 2016 08:30 AM EDT Reads: 1,336
Oct. 23, 2016 08:15 AM EDT Reads: 4,414
Oct. 23, 2016 08:00 AM EDT Reads: 5,675
Oct. 23, 2016 08:00 AM EDT Reads: 8,324
Oct. 23, 2016 07:00 AM EDT Reads: 4,098
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Oct. 23, 2016 06:30 AM EDT Reads: 4,741