Weyerhaeuser (WY) to Issue Quarterly Dividend of $0.20 on September 13th

Weyerhaeuser (NYSE:WY) announced a quarterly dividend on Thursday, August 8th, RTT News reports. Investors of record on Friday, August 30th will be given a dividend of 0.20 per share by the real estate investment trust on Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, August 30th.

Weyerhaeuser has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Weyerhaeuser to earn $0.94 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 85.1%.

Weyerhaeuser Trading Down 1.5 %

NYSE:WY opened at $30.60 on Wednesday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a 50 day moving average of $29.71 and a 200 day moving average of $31.48. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 27.82 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on WY shares. Truist Financial cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. DA Davidson cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Royal Bank of Canada increased their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Citigroup cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $35.83.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The disclosure for this purchase can be found here. Insiders own 0.27% 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.