Weyerhaeuser Company (NYSE:WY) Shareholders to Get $0.21 Quarterly Dividend

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, November 12th. Shareholders of record on Friday, December 4th will be given a dividend of $0.21 per share by the real estate investment trust on Friday, December 18th. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, December 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 dividend 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. Research analysts expect Weyerhaeuser to earn $0.48 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 175.0%.

Weyerhaeuser Trading Down 0.8%

Shares of WY opened at $20.48 on Friday. Weyerhaeuser has a twelve month low of $18.25 and a twelve month high of $27.75. The company has a market cap of $14.75 billion, a P/E ratio of 89.78, a P/E/G ratio of 4.22 and a beta of 0.92. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $20.36 and its 200-day simple moving average is $23.44.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.92 billion. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. As a group, analysts expect that Weyerhaeuser will post 0.27 EPS for the current year.

Weyerhaeuser Company Profile

Weyerhaeuser is a timber, land and wood-products company founded in 1900 and headquartered in Seattle. It owns and manages timberlands in the United States and holds long-term forest-management licenses in Canada. The company grows and harvests timber and manufactures wood products, including lumber, engineered wood products, oriented strand board and plywood. These materials are used in residential construction, remodeling and other building applications. Weyerhaeuser also manages its timberlands for real estate, energy and other natural-resource opportunities.