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

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, May 14th. Shareholders 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 yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th.

Weyerhaeuser has increased its dividend by an average of 0.1%annually over the last three years and has increased 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 tumble. 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 Trading Up 1.1%

Shares of WY stock opened at $23.35 on Friday. The stock’s fifty day moving average is $24.13 and its two-hundred day moving average is $24.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market capitalization of $16.84 billion, a P/E ratio of 43.24, a PEG ratio of 1.38 and a beta of 0.90. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $27.86.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Citigroup reduced their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Truist Financial reduced their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a report on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.88.

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.