Please ensure Javascript is enabled for purposes of website accessibility

Weyerhaeuser Boosts Dividend by 18%

By Eric Volkman - Apr 11, 2013 at 9:18PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The paper products company hikes its payout by nearly one-fifth.

Weyerhaeuser (WY -1.78%) is about to make its shareholders richer. The company will distribute a new quarterly dividend of $0.20 per share of its stock on May 31 to shareholders of record as of May 10. That's an 18% increase over the previous disbursement, which was $0.17 in both of the previous two quarters. Prior to that, the firm handed out $0.15 per share.

The company attributed some of the largesse to a change in corporate structure. In the press release announcing the new payout, Chairman Chuck Williamson pointed out that, "since setting our initial dividend as a REIT, we have grown the dividend by more than 33[%]." This transformation was effected in 2011.

The new distribution annualizes to $0.80 per share. That yields 2.5% at Weyerhaeuser's current stock price of $31.71.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Weyerhaeuser Co. Stock Quote
Weyerhaeuser Co.
WY
$37.55 (-1.78%) $0.68

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
334%
 
S&P 500 Returns
117%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.