Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Friday, August 25th, Wall Street Journal reports. Shareholders of record on Friday, September 8th will be given a dividend of 0.31 per share by the real estate investment trust on Friday, September 22nd. This represents a $1.24 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, September 7th.

Weyerhaeuser has raised its dividend payment by an average of 15.3% per year over the last three years and has increased its dividend every year for the last 5 years. Weyerhaeuser has a dividend payout ratio of 117.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Weyerhaeuser to earn $1.21 per share next year, which means the company may not be able to cover its $1.24 annual dividend with an expected future payout ratio of 102.5%.

Weyerhaeuser (NYSE WY) opened at 31.70 on Friday. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 24.92 and a beta of 1.40. The firm has a 50-day moving average price of $32.66 and a 200 day moving average price of $33.35. Weyerhaeuser has a 1-year low of $28.58 and a 1-year high of $35.50.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser will post $1.04 EPS for the current fiscal year.

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Several research analysts recently commented on the company. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a report on Monday, August 14th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Finally, ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.00.

About Weyerhaeuser

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

Dividend History for Weyerhaeuser (NYSE:WY)

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