ACAZF - Acadian Timber: The 7% Yield Is Worth Securing

2024-05-17 16:56:33 ET

Summary

• Acadian Timber Corp. is a timberland owner in Eastern Canada and the Northeastern U.S., focusing on sustainable forestry and offering a range of wood products.
• Acadian stock has gained just 3% since my previous article in 2020, but the 7% dividend yield has pushed the total return to over 38%.
• Acadian's growth prospects are tied to the stability of the northeastern forestry sector and the expected increase in housing demand, while carbon credit sales contribute to revenue growth.
• Acadian's growth will be modest at best, but the dividend seems well-covered.

Founded in 2006 and headquartered in Edmundston, Canada, Acadian Timber Corp. ( ACAZF ) is a timberland owner in Eastern Canada and the Northeastern U.S., managing around 2.4 million acres of land. The company focuses on sustainable forestry, maximizing returns from its existing holdings while expanding through strategic acquisitions. Acadian offers a range of wood products, including softwood, sawlogs, pulpwood, and biomass, catering to a wide customer base. Acadian is also known for partaking in the voluntary carbon credit market, showcasing its commitment to responsible land management....

For further details see: