Weyerhaeuser Company (NYSE:WY) Declares $0.21 Quarterly Dividend

Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Thursday, August 13th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, September 18th. This represents a c) annualized dividend and a dividend 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 raised 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 decline. 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 NYSE:WY opened at $24.81 on Friday. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $24.35 and a 200 day moving average of $24.53.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.Weyerhaeuser’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, sell-side analysts predict that Weyerhaeuser will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WY has been the subject of several recent research reports. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research report on Thursday, April 23rd. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.00.

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.