Weyerhaeuser Company (NYSE:WY) Shares to Pay Quarterly Dividend of $0.21

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 annualized dividend 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 every year for the last 3 years. Weyerhaeuser has a payout ratio of 91.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 NYSE WY opened at $20.48 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $20.36 and a two-hundred day simple moving average of $23.44. The firm has a market cap of $14.75 billion, a PE ratio of 89.78, a price-to-earnings-growth ratio of 4.22 and a beta of 0.92. Weyerhaeuser has a twelve month low of $18.25 and a twelve month high of $27.75.

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