Weyerhaeuser (NYSE:WY) Plans $0.20 Quarterly Dividend

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 2.51%.

Weyerhaeuser has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research 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 Trading Up 0.5 %

Shares of WY stock traded up $0.15 on Friday, hitting $31.89. The stock had a trading volume of 2,640,475 shares, compared to its average volume of 3,644,370. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market cap of $23.17 billion, a P/E ratio of 42.89 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $32.19 and a two-hundred day moving average price of $30.79.

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

Wall Street Analyst Weigh In

WY has been the topic of several research reports. 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 report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. 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 report on Tuesday, July 30th. Truist Financial boosted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.33.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert Monaco bought 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 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.