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

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 5th will be given 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 yield of 3.7%. The ex-dividend date is Friday, June 5th.

Weyerhaeuser has increased its dividend by an average of 0.1%annually 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. 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 Down 2.9%

NYSE:WY opened at $22.68 on Friday. Weyerhaeuser has a twelve month low of $21.16 and a twelve month high of $27.86. 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 business has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $24.18. The company has a market cap of $16.36 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping 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 firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s revenue was down 2.0% on a year-over-year basis. As a group, analysts expect that Weyerhaeuser will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Beckwitt purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director owned 24,066 shares in the company, valued at $618,496.20. This trade represents a 491.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently added to or reduced their stakes in WY. First Eagle Investment Management LLC raised its stake in Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after acquiring an additional 23,485,504 shares during the period. Norges Bank bought a new stake in Weyerhaeuser in the 4th quarter valued at $549,531,000. Manning & Napier Advisors LLC bought a new stake in Weyerhaeuser in the 1st quarter valued at $101,969,000. Freestone Grove Partners LP raised its stake in Weyerhaeuser by 124.5% in the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock valued at $166,030,000 after acquiring an additional 3,713,932 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Weyerhaeuser by 16.9% in the 1st quarter. Bank of New York Mellon Corp now owns 17,717,871 shares of the real estate investment trust’s stock valued at $432,848,000 after acquiring an additional 2,555,687 shares during the period. Institutional investors own 82.99% of the company’s stock.

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.