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

Key Points

• Weyerhaeuser declared a quarterly dividend of $0.21 per share, payable September 18 to shareholders of record on September 4. The dividend implies an annualized payout of $0.84 and a 3.4% yield.
• The dividend has increased for three consecutive years, but its 91.3% payout ratio raises sustainability concerns; analysts’ projected earnings suggest a potential future payout ratio of 125.4%.
• Weyerhaeuser reported quarterly EPS of $0.13, beating estimates of $0.08, while revenue reached $1.87 billion. However, revenue declined 8.3% year over year, and shares opened at $24.81.

Weyerhaeuser Company (NYSE:WY - Get Free Report) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Friday, September 4th will be paid 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 yield of 3.4%. The ex-dividend date of this dividend is Friday, September 4th.

Weyerhaeuser has increased its dividend payment 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 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 research analysts expect Weyerhaeuser to earn $0.67 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 125.4%.

Weyerhaeuser Stock Up 0.2%

Shares of NYSE:WY opened at $24.81 on Friday. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $27.75. The business has a 50 day simple moving average of $24.35 and a two-hundred day simple moving average of $24.53. The firm has a market capitalization of $17.88 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company's quarterly revenue was down 8.3% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser will post 0.32 EPS for the current year.

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.

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