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Ex-Div Reminder for Weyerhaeuser Mandatory Convertible Preference Shares, Series A

Stocks in this article: WY

On 3/12/14, Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (WY.PRA) will trade ex-dividend, for its quarterly dividend of $0.7969, payable on 4/1/14. As a percentage of WY.PRA's recent share price of $54.84, this dividend works out to approximately 1.45%, so look for shares of WY.PRA to trade 1.45% lower — all else being equal — when WY.PRA shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 5.80%, which compares to an average yield of 7.41% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, WY.PRA was trading at a 10.10% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.5015 and 1.8018. The chart below shows the one year performance of WY.PRA shares, versus WY:

Performance Comparison Chart

Below is a dividend history chart for WY.PRA, showing historical dividends prior to the most recent $0.7969 on Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A :


According to the ETF Finder at ETF Channel, Weyerhaeuser Co. (WY) makes up 7.66% of the iShares Global Timber & Forestry ETF (WOOD) which is trading lower by about 0.9% on the day Monday.

In Monday trading, Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (WY.PRA) is currently down about 0.4% on the day, while the common shares (WY) are off about 0.3%.

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