Weyerhaeuser (WY) to Issue Quarterly Dividend of $0.18 on June 17th

Weyerhaeuser (NYSE:WYGet Rating) announced a quarterly dividend on Thursday, May 12th, RTT News reports. Shareholders of record on Friday, June 3rd will be given a dividend of 0.18 per share by the real estate investment trust on Friday, June 17th. This represents a $0.72 annualized dividend and a dividend yield of 1.86%.

Weyerhaeuser has decreased its dividend by an average of 3.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Weyerhaeuser has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Weyerhaeuser to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 52.2%.

WY stock opened at $38.71 on Friday. The firm has a market cap of $28.82 billion, a price-to-earnings ratio of 10.78 and a beta of 1.48. The firm has a 50-day simple moving average of $39.55 and a two-hundred day simple moving average of $39.32. Weyerhaeuser has a one year low of $32.65 and a one year high of $43.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.20 and a current ratio of 2.82.

Weyerhaeuser (NYSE:WYGet Rating) last released its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 EPS for the quarter, beating the consensus estimate of $1.07 by $0.24. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.99 billion. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, equities analysts predict that Weyerhaeuser will post 2.97 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $52,000. Zions Bancorporation N.A. lifted its holdings in Weyerhaeuser by 516.5% in the 1st quarter. Zions Bancorporation N.A. now owns 2,731 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 2,288 shares in the last quarter. Covestor Ltd lifted its holdings in Weyerhaeuser by 73.6% in the 1st quarter. Covestor Ltd now owns 3,412 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,446 shares in the last quarter. Qtron Investments LLC purchased a new position in Weyerhaeuser in the 4th quarter valued at $226,000. Finally, Stevens Capital Management LP purchased a new position in Weyerhaeuser in the 1st quarter valued at $235,000. 82.38% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 4th. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a research report on Monday, May 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $42.20.

Weyerhaeuser Company Profile (Get Rating)

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.

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Dividend History for Weyerhaeuser (NYSE:WY)

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