Weyerhaeuser Company (WY) to Issue Quarterly Dividend of $0.21 on June 22nd

Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.21 per share by the real estate investment trust on Monday, June 22nd. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th.

Weyerhaeuser has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Weyerhaeuser has a dividend payout ratio of 91.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Weyerhaeuser to earn $0.70 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 120.0%.

Weyerhaeuser Stock Performance

Shares of WY opened at $24.35 on Wednesday. The firm has a market cap of $17.56 billion, a P/E ratio of 45.10, a PEG ratio of 1.34 and a beta of 0.89. Weyerhaeuser has a twelve month low of $21.16 and a twelve month high of $27.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The firm’s 50 day moving average price is $24.08 and its two-hundred day moving average price is $24.24.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, analysts forecast that Weyerhaeuser will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Company Profile

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.