Weyerhaeuser Company (WY) To Go Ex-Dividend on September 4th

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) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, September 4th.

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% 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 Price Performance

Shares of Weyerhaeuser stock opened at $24.55 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $27.75. The company has a fifty day moving average of $24.35 and a 200-day moving average of $24.53. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WY. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Weyerhaeuser in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target 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.