NEW YORK (

TheStreet

) -- The ex-dividend date for

Weyerhaeuser

(NYSE:

WY

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $17.20 as of 9:31 a.m. ET, the dividend yield is 3.7%.

The average volume for Weyerhaeuser has been 6.4 million shares per day over the past 30 days. Weyerhaeuser has a market cap of $8.7 billion and is part of the

financial

sector and

real estate

industry. Shares are down 10.2% year to date as of the close of trading on Friday.

TheStreet Recommends

Weyerhaeuser Company, a forest product company, grows and harvests trees, builds homes, and manufactures forest products worldwide. It grows and harvests trees for use as lumber, other wood and building products, and pulp and paper. The company manages 20.5 million acres of forests. The company has a P/E ratio of 3.8, below the average real estate industry P/E ratio of 5.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Weyerhaeuser as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full

Weyerhaeuser Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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