Weyerhaeuser (NYSE:WY) Announces Quarterly Dividend of $0.20

Weyerhaeuser (NYSE:WY) declared a quarterly dividend on Friday, November 8th,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.20 per share by the real estate investment trust on Friday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, November 29th.

Weyerhaeuser has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Weyerhaeuser to earn $0.78 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 102.6%.

Weyerhaeuser Price Performance

Shares of WY opened at $32.35 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market cap of $23.50 billion, a PE ratio of 43.72 and a beta of 1.40. The firm has a fifty day moving average price of $32.23 and a 200 day moving average price of $30.81.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WY. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Truist Financial boosted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average price target of $36.33.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 79.01 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.