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

Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Thursday, November 13th. Investors of record on Friday, November 28th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, December 12th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 28th.

Weyerhaeuser has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 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 decline. Equities 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 1.0%

Shares of WY traded down $0.23 on Friday, hitting $22.22. 1,496,091 shares of the stock traded hands, compared to its average volume of 4,310,391. Weyerhaeuser has a one year low of $22.12 and a one year high of $32.70. The business has a 50 day simple moving average of $24.07 and a 200 day simple moving average of $25.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The company has a market capitalization of $16.01 billion, a PE ratio of 58.46, a P/E/G ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. As a group, equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Weyerhaeuser

Several institutional investors have recently made changes to their positions in WY. Norges Bank purchased a new position in shares of Weyerhaeuser in the second quarter worth $600,502,000. Bank of New York Mellon Corp increased its holdings in Weyerhaeuser by 86.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock valued at $348,111,000 after acquiring an additional 6,284,982 shares during the last quarter. Nuveen LLC purchased a new stake in Weyerhaeuser in the 1st quarter worth $107,330,000. Millennium Management LLC boosted its holdings in shares of Weyerhaeuser by 2,952.7% during the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after purchasing an additional 3,027,823 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after purchasing an additional 2,343,724 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.