Weyerhaeuser (NYSE:WY) Plans Dividend Increase – $0.21 Per Share

Weyerhaeuser (NYSE:WY) 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 dividend on an annualized basis and a dividend yield of 2.83%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20.

Weyerhaeuser has a dividend payout ratio of 74.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Up 0.3 %

Shares of Weyerhaeuser stock opened at $29.69 on Friday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $29.43 and its 200 day moving average is $30.90. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 53.98, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Research analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

WY has been the topic of several research reports. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Citigroup cut their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.