Weyerhaeuser Announces 13 Percent Dividend Increase
FEDERAL WAY, Wash., Oct. 11, 2012 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its Board of Directors has authorized a 13% increase in the Company's regular quarterly cash dividend, from $0.15 per share to $0.17 per share.
(Logo: http://photos.prnewswire.com/prnh/20120111/AQ34535LOGO)
The dividend of $0.17 per share on the common stock of the corporation is payable November 30, 2012, to shareholders of record at the close of business November 9, 2012.
"The Board is pleased to take this action," said Chuck Williamson, Chairman of the Board. "This increase to our dividend is consistent with the Board's objective of providing an attractive dividend, one that is sustainable and will grow over time."
"We have undertaken initiatives in each of our businesses to enhance performance, and these efforts are yielding clear results," said Dan Fulton, President and Chief Executive Officer. "Although we remain cautious about the pace of recovery in the U.S. and global economies, recent trends give us greater confidence that housing fundamentals are improving. Weyerhaeuser is well positioned to capture the full benefit of the market recovery as it unfolds, and to create increased value for our shareholders." Weyerhaeuser Company, one of the world's largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2011, we employed approximately 12,800 employees in 11 countries. We have customers worldwide and generated $6.2 billion in sales from continuing operations in 2011. Our stock trades on the New York Stock exchange under the symbol WY. Learn more at www.weyerhaeuser.com. For more information contact: Media – Anthony Chavez, 253-924-7148 Analysts – Kathryn McAuley, 253-924-2058 SOURCE Weyerhaeuser Company
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
