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

Key Points

• Weyerhaeuser Company has declared a quarterly dividend of $0.21 per share, which equates to an annualized dividend yield of 3.3% for stockholders of record as of August 29th.
• The company reported a quarterly earnings per share (EPS) of $0.12, slightly exceeding analysts' expectations, despite a year-over-year revenue decline of 2.8% to $1.88 billion.
• Current research ratings for Weyerhaeuser are mixed, with a consensus rating of "Moderate Buy" and an average target price of $32.88 amid various analysts adjusting their price targets.

Weyerhaeuser Company (NYSE:WY - Get Free Report) declared a quarterly dividend on Friday, August 8th, RTT News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, September 12th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 29th.

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. Equities research 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 Stock Performance

Weyerhaeuser stock traded up $0.27 during mid-day trading on Tuesday, reaching $25.55. The company had a trading volume of 1,503,744 shares, compared to its average volume of 4,064,369. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a 50 day moving average of $26.08 and a 200-day moving average of $27.31. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 67.30, a PEG ratio of 66.64 and a beta of 1.08.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The business's revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust's stock worth $2,936,848,000 after buying an additional 542,912 shares during the period. Cohen & Steers Inc. boosted its stake in Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares during the last quarter. Wellington Management Group LLP boosted its stake in Weyerhaeuser by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock worth $1,047,234,000 after acquiring an additional 193,854 shares during the last quarter. Geode Capital Management LLC boosted its stake in Weyerhaeuser by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust's stock worth $509,460,000 after acquiring an additional 340,948 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Weyerhaeuser by 86.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust's stock worth $348,111,000 after acquiring an additional 6,284,982 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Company Profile

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.