Weyerhaeuser Company to Issue Quarterly Dividend of $0.21 (NYSE:WY)

Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Friday, September 4th will be given a dividend of 0.21 per share by the real estate investment trust on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 4th.

Weyerhaeuser has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Weyerhaeuser has a payout ratio of 91.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Weyerhaeuser to earn $0.67 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 125.4%.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $24.81 on Friday. The business has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $24.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. Weyerhaeuser has a one year low of $21.16 and a one year high of $27.75. The company has a market cap of $17.88 billion, a PE ratio of 38.16, a P/E/G ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser will post 0.32 EPS for the current fiscal year.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.