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

Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 5th will be paid 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 dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th.

Weyerhaeuser has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive 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 fall. Research 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 Price Performance

Shares of NYSE WY opened at $23.35 on Friday. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 1.38 and a beta of 0.90. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $27.86. The firm’s 50 day simple moving average is $24.13 and its 200-day simple moving average is $24.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Analysts expect that Weyerhaeuser will post 0.3 EPS for the current year.

Weyerhaeuser Company Profile

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.