Weyerhaeuser Stock Price, News & Analysis

Weyerhaeuser Company (NYSE: WY) declared a supplemental dividend of $1.45 per share, payable on February 28, 2022, to shareholders of record by February 18, 2022. In 2021, the company generated $2.6 billion in Adjusted Funds Available for Distribution (FAD), yielding a total of $2.63 per share in dividends, or 75% of Adjusted FAD. Weyerhaeuser plans to continue returning cash to shareholders through quarterly dividends and additional cash return strategies, aiming for a sustainable annual payout of 75-80% of Adjusted FAD.

Weyerhaeuser Company (NYSE: WY) reported strong fourth quarter results, with net earnings of $416 million, or 55 cents per diluted share, on net sales of $2.2 billion, a year-over-year increase. Full-year earnings reached a record $2.6 billion, up from $797 million in 2020. The company declared a $1.45 per share supplemental dividend, returning over $2 billion to shareholders, or 79% of 2021 Adjusted Funds Available for Distribution (FAD). The outlook for Q1 2022 remains positive, anticipating higher earnings driven by strong demand fundamentals.

Weyerhaeuser Company (NYSE: WY) announced that its 2021 dividends, totaling $1.18 per share, are classified as Capital Gain Distributions for tax purposes, treated as long-term capital gains. The dividends were distributed in five installments throughout 2021, including $0.50 in October. These distributions are not eligible for the 20% qualified business income deduction. Looking ahead, the company hints at a significant non-dividend component for 2022 distributions due to an expected supplemental dividend. Shareholders are advised to consult tax professionals regarding their individual tax impacts.

Weyerhaeuser Company (NYSE: WY) is scheduled to release its fourth quarter 2021 results on January 28, 2022, before market opening. A live webcast and conference call will follow at 7 a.m. Pacific (10 a.m. Eastern) to discuss these results. Interested participants can join via telephone; North American callers should dial 877-407-0792, while international participants can reach the call at 201-689-8263. Replays of the call will be available for two weeks post-event.

Weyerhaeuser Company (NYSE: WY) has received the highest designation from the Science Based Targets initiative for its greenhouse gas reduction targets. The company committed to cut direct and indirect emissions by 42% and scope 3 emissions by 25% per ton of production by 2030 from a 2020 baseline. This initiative aligns Weyerhaeuser with the goals of the Paris Agreement to limit global warming to 1.5°C. The company emphasizes sustainability as a core value and plans to achieve these targets through energy efficiency and increased renewable energy use.

Apex Clean Energy has partnered with Weyerhaeuser (NYSE: WY) to develop a significant portfolio of 1,000 megawatts of utility-scale solar and solar-plus-storage projects across Weyerhaeuser's property in the southeastern United States. This collaboration aims to enhance the shift to clean energy by leveraging Weyerhaeuser's extensive landholdings and Apex's proven track record in clean energy commercialization. Projects may commence operations as early as 2023, providing an opportunity for energy purchasers to meet their decarbonization targets.

Weyerhaeuser Company (NYSE: WY) announces the appointment of David Graham as president of its Canadian subsidiary, effective January 1, 2022. Graham, who has over 30 years of experience with Weyerhaeuser, succeeds Fred Dzida, who is retiring after more than 40 years with the company. Dzida will assist in the transition until March 2022. Graham's extensive background in operations and leadership within the Canadian operations is expected to enhance relationships with communities and partners.

Weyerhaeuser Company (NYSE: WY) declared a quarterly cash dividend of $0.17 per common share, payable on December 17, 2021, to shareholders on record as of December 3, 2021. This announcement aligns with the company's 'base plus variable supplemental' dividend framework, expected to target a total annual return to shareholders of 75% to 80% of Adjusted Funds Available for Distribution (Adjusted FAD). A supplemental dividend is anticipated to be declared in the first quarter of 2022.

Weyerhaeuser Company (NYSE: WY) reported a strong performance for Q3 2021 with net earnings of $482 million (64 cents per diluted share), up from $283 million last year. Net sales reached $2.3 billion, exceeding the previous year's $2.1 billion. Adjusted EBITDA was $746 million, on par with last year. The company anticipates a significant supplemental dividend in Q1 2022, driven by impressive cash flow generation. However, the real estate and wood products segments faced declines in earnings and sales realizations. Despite challenges, Weyerhaeuser remains optimistic about U.S. housing demand.