Weyerhaeuser Co (WY) To Go Ex-Dividend on November 29th

Weyerhaeuser Co (NYSE:WY) declared a quarterly dividend on Friday, November 9th, RTT News reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.34 per share by the real estate investment trust on Friday, December 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Thursday, November 29th.

Weyerhaeuser has raised its dividend by an average of 7.0% annually over the last three years and has increased its dividend every year for the last 6 years. Weyerhaeuser has a dividend payout ratio of 86.6% meaning 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 $1.10 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 123.6%.

NYSE WY opened at $26.33 on Friday. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 4.35 and a beta of 1.48. Weyerhaeuser has a fifty-two week low of $25.75 and a fifty-two week high of $38.39. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Analysts forecast that Weyerhaeuser will post 1.23 EPS for the current year.

In other Weyerhaeuser news, insider Devin W. Stockfish purchased 27,890 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average price of $26.93 per share, for a total transaction of $751,077.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.

A number of research firms have weighed in on WY. Argus reduced their price objective on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday. Zacks Investment Research restated a “strong sell” rating on shares of Weyerhaeuser in a research note on Saturday, November 17th. Scotiabank restated a “hold” rating and issued a $32.00 price target on shares of Weyerhaeuser in a research note on Tuesday, November 13th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Monday, November 5th. Finally, BMO Capital Markets cut their price target on Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating for the company in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $34.57.

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Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

Read More: Asset Allocation

Dividend History for Weyerhaeuser (NYSE:WY)

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