Weyerhaeuser (NYSE:WY) Increases Dividend to $0.21 Per Share

Weyerhaeuser (NYSE:WY - Get Free Report) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, March 21st. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20.

Weyerhaeuser has a dividend payout ratio of 74.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Weyerhaeuser to earn $0.89 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 89.9%.

Weyerhaeuser Stock Performance

NYSE WY traded down $0.10 on Monday, hitting $29.60. 2,638,712 shares of the stock traded hands, compared to its average volume of 3,637,051. The business's fifty day moving average is $29.37 and its two-hundred day moving average is $30.87. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 4.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on WY. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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.