Weyerhaeuser Company (NYSE:WY) Shares to Pay Quarterly Dividend of $0.21

Weyerhaeuser Company (NYSE:WY) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.21 per share by the real estate investment trust on Friday, December 18th. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, December 4th.

Weyerhaeuser has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 3 years. Weyerhaeuser has a 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 decline. Equities analysts expect Weyerhaeuser to earn $0.48 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 175.0%.

Weyerhaeuser Price Performance

Shares of WY opened at $20.48 on Friday. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 4.22 and a beta of 0.92. Weyerhaeuser has a 1-year low of $18.25 and a 1-year high of $27.75. The company’s fifty day simple moving average is $20.36 and its 200 day simple moving average is $23.44. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.92 billion. Weyerhaeuser had a return on equity of 1.72% and a net margin of 6.47%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. On average, research analysts forecast that Weyerhaeuser will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, November 2nd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Seaport Research Partners set a $30.00 target price on shares of Weyerhaeuser in a research note on Thursday, October 8th. Royal Bank Of Canada dropped their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.10.

About Weyerhaeuser

Weyerhaeuser is a timber, land and wood-products company founded in 1900 and headquartered in Seattle. It owns and manages timberlands in the United States and holds long-term forest-management licenses in Canada. The company grows and harvests timber and manufactures wood products, including lumber, engineered wood products, oriented strand board and plywood. These materials are used in residential construction, remodeling and other building applications. Weyerhaeuser also manages its timberlands for real estate, energy and other natural-resource opportunities.