Weyerhaeuser to Issue Quarterly Dividend of $0.20 (NYSE:WY)

Weyerhaeuser (NYSE:WY - Get Free Report) declared a quarterly dividend on Thursday, May 9th, NASDAQ reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.20 per share by the real estate investment trust on Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, May 31st.

Weyerhaeuser has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Weyerhaeuser to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 66.1%.

Weyerhaeuser Trading Down 0.6 %

Shares of WY traded down $0.20 during mid-day trading on Friday, reaching $30.93. The company's stock had a trading volume of 3,393,565 shares, compared to its average volume of 3,429,305. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company's fifty day moving average price is $33.48 and its two-hundred day moving average price is $32.77. The stock has a market cap of $22.55 billion, a PE ratio of 28.30 and a beta of 1.47.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company's revenue was down 4.5% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WY has been the subject of several research analyst reports. StockNews.com cut Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. Truist Financial reiterated a "hold" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Royal Bank of Canada decreased their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Monday, April 29th. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a "neutral" rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets increased their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.67.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares of the company's stock, valued at $6,149,059.95. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

About Weyerhaeuser

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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