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

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th.

Weyerhaeuser has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 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 fall. 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 Trading Down 0.1%

Shares of WY stock opened at $27.08 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 61.54 and a beta of 1.03. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $31.66. The firm has a fifty day moving average price of $24.98 and a 200-day moving average price of $24.50.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WY shares. JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Citigroup reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Friday. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Royal Bank Of Canada lowered their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $28.63.

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.