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

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, May 14th. Stockholders 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) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, June 5th.

Weyerhaeuser has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive 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. Research analysts expect Weyerhaeuser to earn $0.69 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 121.7%.

Weyerhaeuser Trading Up 1.1%

NYSE WY opened at $23.35 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $16.84 billion, a P/E ratio of 43.24, a P/E/G ratio of 1.38 and a beta of 0.90. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $27.86. The firm has a 50-day moving average price of $24.13 and a 200 day moving average price of $24.19.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.3 EPS for the current 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.