01:29:09 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 80,172,471
Close 2015-11-06 C$ 46.73
Market Cap C$ 3,746,459,570
Recent Sedar Documents

Globe says rising rates may weigh on Agrium, others

2015-11-09 09:17 ET - In the News

See In the News (C-AGU) Agrium Inc

The Globe and Mail reports in its Monday, Nov. 9, edition that Federal Reserve chairman Janet Yellen last week hinted that a rate hike is possible before the end of the year, causing a slide in the performance of dividend-paying equity sectors. The Globe's David Milstead writes that Merrill Lynch analyst Savita Subramanian says dividend-paying equities underperform significantly in rising interest rate environments. Mr. Milstead notes that as a result good dividend payers such as Agrium, Potash Corp. of Saskatchewan, West Fraser Timber and Teck Resources may not fare well in such a situation. Other good dividend payers are Magna International and Linamar. Ms. Subramanian's thesis is that the stocks with the current highest yields will be hurt most as the Federal Reserve raises rates. Companies with lower yields, low debt and solid balance sheets have the ability to increase their dividends, and see their stock prices rise along with interest rates.

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