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

On 6/11/15, Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (Symbol: WY.PRA) will trade ex-dividend, for its quarterly dividend of $0.7969, payable on 7/1/15. As a percentage of WY.PRA's recent share price of $53.90, this dividend works out to approximately 1.48%, so look for shares of WY.PRA to trade 1.48% lower - all else being equal - when WY.PRA shares open for trading on 6/11/15. On an annualized basis, the current yield is approximately 5.93%, which compares to an average yield of 7.04% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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 :

WY.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Weyerhaeuser Co. (Symbol: WY) makes up 7.40% of the iShares Global Timber & Forestry ETF ( WOOD ) which is trading higher by about 0.3% on the day Tuesday.

In Tuesday trading, Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (Symbol: WY.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: WY) are off about 0.5%.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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