) once again announced rewards in the form of quarterly dividends
for its shareholders. This time the dividends were higher than
the disbursements made previously.
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WEYERHAEUSER CO (WY): Free Stock Analysis
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The quarterly dividend rate has been increased by 3 cents or 18%
from 17 cents to 20 cents per share and will be paid on May 31,
2013 to shareholders of record as on May 10, 2013. The revised
rate equates to annual dividend rate of 80 cents.
The market took the news positively and an increase to the extent
of 0.3% has been witnessed in the company's stock price as on the
close of the business on Apr 11, 2013.
Weyerhaeuser follows a consistent policy of rewarding its
shareholders through dividend payments and has occasionally
revised its rates to boost their confidence. A similar revision
was announced on Oct 11, 2012 when the quarterly rate was hiked
13% from 15 cents to 17 cents. Taking these two revisions into
account, we find that Weyerhaeuser has grown its dividend rate by
roughly 33% over the period.
In the fourth quarter 2012, cash dividends paid by Weyerhaeuser
amounted to $92 million.
Weyerhaeuser is slated to release its first quarter 2013
financial results on Apr 26, 2013. The Zacks Consensus Estimate
for the quarter currently is at 21 cents while estimates of years
2013 and 2014 are $1.03 and $1.30, respectively.
Weyerhaeuser is one of the leading U.S. forest product companies
and has a market capitalization of roughly $17.3 billion. The
stock currently carries a Zacks Rank #2 (Buy). Other stocks to
watch out for in the industry are
International Paper Co.