Weyerhaeuser Stock Price, News & Analysis

Devin Stockfish, CEO of Weyerhaeuser, will participate in two virtual investor conferences. He is set to present at the RBC Capital Markets Global ESG Conference on February 26, 2021, at 11:45 a.m. ET, followed by the Raymond James 42nd Annual Institutional Investors Conference on March 1, 2021, at 10:50 a.m. ET. Webcast links and materials will be available on the company's investor relations website. Weyerhaeuser manages approximately 11 million acres of timberlands and generated $7.5 billion in net sales in 2020, with its stock trading under the symbol WY.

Weyerhaeuser Company (NYSE: WY) has declared a dividend of $0.17 per share on its common stock. The dividend will be payable in cash on March 19, 2021, to shareholders on record as of the close of business on March 5, 2021. This announcement reflects the company's ongoing commitment to return value to its shareholders and indicates financial stability.

Weyerhaeuser Company (NYSE: WY) reported strong fourth quarter 2020 results with net earnings of $292 million, up from a net loss of $14 million a year prior. Excluding special items, earnings totaled $361 million. The company achieved record Adjusted EBITDA of $657 million, significantly higher than $260 million in Q4 2019. For the full year 2020, net earnings were $797 million compared to a net loss of $76 million in 2019. Weyerhaeuser reduced gross debt by over $900 million and launched a new sustainability strategy, indicating a solid financial outlook as it enters 2021.

Weyerhaeuser Company (NYSE: WY) announced that its 2020 dividend distributions totaling $0.51 per share are classified as Capital Gain Distributions, specifically $0.34 on March 20 and $0.17 on December 18. These distributions are considered long-term capital gains and are not eligible for the 20% qualified business income deduction per Section 199A. Shareholders are advised to consult tax advisors regarding the implications of these distributions on their tax situations.

Weyerhaeuser Company (NYSE: WY) will announce its fourth quarter 2020 results on January 29, 2021, prior to market opening. A live conference call will take place at 7 a.m. Pacific (10 a.m. Eastern) to discuss these results. Investors and analysts can join the call using the provided dial-in numbers. Weyerhaeuser is a leading timberland owner and a major wood products manufacturer, with approximately 11 million acres of timberland under its management.

Weyerhaeuser Company (NYSE: WY) has completed two significant timberland transactions in Oregon. The company purchased 85,000 acres and sold 149,000 acres, with a net cost of approximately $40 million. This strategic move is aimed at enhancing Weyerhaeuser's portfolio and streamlining operational costs while gaining access to crucial domestic and export markets. CEO Devin W. Stockfish emphasized the importance of Oregon in their operations and the long-term value these transactions are expected to bring to shareholders.

Weyerhaeuser Company (NYSE: WY) has appointed Deidra C. Merriwether, a senior vice president at Grainger, to its board of directors, effective immediately. This decision follows the upcoming retirement of a current board member in 2021. Merriwether, who has extensive experience in finance and customer relations, will bring valuable insight and leadership to the board. Her role at Grainger includes overseeing North American sales and managing significant responsibilities across Latin American and Canadian markets. This move aims to enhance Weyerhaeuser's strategic direction as a leading timberland owner and wood products manufacturer.

Devin Stockfish, the CEO of Weyerhaeuser Company (NYSE: WY), will represent the company at the REITworld: 2020 Annual Conference on November 17, 2020. The conference will be held virtually, with Stockfish's presentation scheduled for 11:30 a.m. Eastern time. Investors can access the webcast and presentation materials through the company's investor relations website. Weyerhaeuser is a leading timberland owner and wood products manufacturer.

Weyerhaeuser Company (NYSE: WY) declared a dividend of $0.17 per share, payable on December 18, 2020. Shareholders must be on record by December 4, 2020. The company is introducing a new dividend framework aimed at enhancing shareholder returns across varying market conditions. This includes a quarterly base cash dividend, supplemented by a variable return targeting 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD). The first supplemental dividend is expected in Q1 2022.