Weyerhaeuser Company (NYSE:WY) announced a quarterly dividend on Friday, August 25th, Wall Street Journal reports. Stockholders of record on Friday, September 8th will be paid 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 dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, September 7th.

Weyerhaeuser has raised its dividend payment by an average of 15.3% annually over the last three years and has raised its dividend every year for the last 5 years. Weyerhaeuser has a 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. Equities 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%.

Shares of Weyerhaeuser (NYSE WY) opened at 32.07 on Friday. Weyerhaeuser has a 12 month low of $28.58 and a 12 month high of $35.50. The firm has a market cap of $24.15 billion, a PE ratio of 25.21 and a beta of 1.39. The stock’s 50 day moving average is $32.58 and its 200 day moving average is $33.31.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business earned $0.17 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts anticipate that Weyerhaeuser will post $1.04 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on WY. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Weyerhaeuser presently 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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