Weyerhaeuser Company (WY) To Go Ex-Dividend on September 4th

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Friday, September 4th will be given a dividend of 0.21 per share by the real estate investment trust on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th.

Weyerhaeuser has raised its dividend 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 $0.68 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 123.5%.

Weyerhaeuser Trading Up 0.1%

NYSE:WY opened at $23.40 on Wednesday. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $27.75. The business has a fifty day moving average of $24.25 and a 200-day moving average of $24.31.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. Equities analysts predict that Weyerhaeuser will post 0.32 earnings per share for the current year.

About Weyerhaeuser

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.