Weyerhaeuser Company (NYSE:WY) Plans $0.21 Quarterly Dividend

Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Thursday, November 13th. Stockholders of record on Friday, November 28th will be given a dividend of 0.21 per share by the real estate investment trust on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 28th.

Weyerhaeuser has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. Weyerhaeuser has a dividend 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 tumble. Analysts expect Weyerhaeuser to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 86.6%.

Weyerhaeuser Price Performance

WY stock traded down $0.26 during midday trading on Friday, reaching $22.19. The company had a trading volume of 2,237,525 shares, compared to its average volume of 4,314,330. Weyerhaeuser has a 1-year low of $22.11 and a 1-year high of $32.70. The stock has a 50 day moving average price of $24.07 and a 200-day moving average price of $25.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 58.41, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

WY has been the topic of a number of research analyst reports. Weiss Ratings downgraded Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Citigroup dropped their price objective on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, DA Davidson decreased their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average target price of $30.25.

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.