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

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th.

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 dividend 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 fall. Research analysts expect Weyerhaeuser to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 86.6%.

Weyerhaeuser Stock Down 0.1%

WY stock opened at $27.08 on Friday. The firm has a market cap of $19.52 billion, a PE ratio of 61.54 and a beta of 1.03. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $31.66. The company has a fifty day simple moving average of $24.98 and a 200 day simple moving average of $24.50. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 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.