Weyerhaeuser Company Declares Dividend on Common Shares, Completes Existing Share Repurchase Program and Authorizes New $1 Billion Share Repurchase Program

Rhea-AI Summary

Weyerhaeuser (NYSE: WY) has announced a quarterly base cash dividend of $0.21 per share, payable on June 13, 2025, to shareholders of record as of May 30, 2025. The company has also authorized a new $1 billion share repurchase program, replacing its recently completed program from September 2021. In Q2 2025, WY completed its prior authorization by repurchasing $74 million in shares. Since early 2021, Weyerhaeuser has returned over $5.7 billion to shareholders through dividends and share repurchases. The company maintains a cash return framework targeting 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders through base dividends, supplemental dividends, and share repurchases.

Positive

• Authorization of new $1 billion share repurchase program
• Consistent quarterly dividend of $0.21 per share maintained
• Strong shareholder returns with $5.7 billion returned since 2021
• Commitment to return 75-80% of Adjusted FAD to shareholders
• Completion of previous $1 billion share repurchase program

Negative

• None.

Insights

Financial Analyst

Weyerhaeuser strengthens shareholder returns with $1B buyback authorization and maintained dividend, demonstrating commitment to capital return framework.

Weyerhaeuser's announcement reflects a substantial commitment to shareholder returns through two key mechanisms. First, the company declared a $0.21 per share quarterly base dividend, maintaining its regular cash return to shareholders. Second, and more significantly, the board authorized a new $1 billion share repurchase program after completing its previous $1 billion authorization initiated in September 2021.

The completion of the prior buyback program demonstrates management's follow-through on capital return commitments, with approximately $74 million of shares repurchased in Q2 2025 to finalize that authorization. Year-to-date, the company has already executed $100 million in opportunistic share repurchases, showing active management of their return program.

Looking at the broader picture, Weyerhaeuser's capital return strategy has been substantial. Since early 2021, the company will have returned more than $5.7 billion to shareholders through dividends and share repurchases. This represents significant capital being directed back to investors rather than retained for operations or acquisitions.

The company's structured capital allocation framework targets returning 75-80% of annual Adjusted Funds Available for Distribution to shareholders. This framework provides transparency for investors while giving management flexibility to toggle between base dividends, supplemental dividends, and share repurchases depending on market conditions and available cash flow.

This balanced approach to capital allocation suggests financial stability and management confidence in the company's cash generation capabilities. The flexible framework also allows them to maintain returns across different market environments while preserving capital for operational needs.

SEATTLE, May 8, 2025 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a quarterly base cash dividend of $0.21 per share on the common stock of the company, payable in cash on June 13, 2025, to holders of record of such common stock as of the close of business on May 30, 2025.

Additionally, the board has authorized a new share repurchase program of up to $1 billion of the company's common shares. This replaces the recently completed $1 billion share repurchase program, which was authorized in September 2021. In the second quarter of 2025, the company executed the remainder of its prior authorization by repurchasing approximately $74 million of common shares. Repurchases under the new program may be made through a variety of methods, including but not limited to open market purchases, unsolicited or solicited privately negotiated transactions, tender offers, block trades, accelerated share repurchase transactions, or pursuant to 10b5-1 trading plans.

"We've completed nearly $100 million of opportunistic share repurchase year to date and are pleased to announce authorization of a new program going forward," said Devin W. Stockfish, president and chief executive officer. "Since the beginning of 2021, and inclusive of the quarterly dividend announced today, we will have returned more than $5.7 billion of cash back to shareholders, including $1 billion of share repurchase. Looking ahead, we remain committed to returning meaningful and appropriate amounts of cash back to shareholders across market cycles. This new authorization provides ample flexibility for future share repurchase activity, and it represents an important ongoing lever for driving long-term shareholder value within our broader capital allocation framework."

Under Weyerhaeuser's cash return framework, the company expects to supplement its quarterly base cash dividend, as appropriate, with an additional return of variable cash to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD). The company has the flexibility in its capital allocation framework to return this additional cash in the form of a supplemental cash dividend, opportunistic share repurchase, or a combination of the two.

Adjusted FAD, a non-GAAP measure, is defined by Weyerhaeuser as net cash from operations adjusted for capital expenditures and significant non-recurring items.

ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.4 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, energy and natural resources, among others. In 2024, the company generated $7.1 billion in net sales and employed approximately 9,400 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

FORWARD-LOOKING STATEMENTS
This news release contains statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, concerning the amount, timing and occurrence of future quarterly and supplemental cash dividends as well as the company's dividend framework and future share repurchases under its new share repurchase authorization. Forward-looking statements are generally identified by words such as "expects" and "targeted," references to events occurring on specified future dates and other words and expressions referencing future events or occurrences. All forward-looking statements are based on our current expectations and assumptions and are not guarantees of future events or performance. The realization of our expectations and the accuracy of our assumptions are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, those identified in our 2024 Annual Report on Form 10-K, as well as those set forth from time to time in our other public statements, reports, registration statements, prospectuses, information statements and other filings with the SEC, and other factors not described herein or elsewhere because they are not currently known to us or because we currently judge them to be immaterial.

It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of our forward-looking statements and, consequently, our descriptions of such risks and uncertainties should not be considered exhaustive. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Also included in this news release are references to Adjusted FAD, which is a non-GAAP financial measure. Adjusted FAD may not be comparable to similarly named or captioned non-GAAP financial measures of other companies due to potential inconsistencies in how such measures are calculated. Adjusted FAD should not be considered in isolation from, and is not intended to represent an alternative to, our GAAP results.

For more information contact:
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

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SOURCE Weyerhaeuser Company

FAQ

What is Weyerhaeuser's (WY) new share repurchase program amount?

Weyerhaeuser has authorized a new $1 billion share repurchase program, replacing its recently completed program from September 2021.

When will Weyerhaeuser (WY) pay its next dividend in 2025?

Weyerhaeuser will pay its quarterly base cash dividend of $0.21 per share on June 13, 2025, to shareholders of record as of May 30, 2025.

How much cash has Weyerhaeuser (WY) returned to shareholders since 2021?

Since the beginning of 2021, Weyerhaeuser has returned more than $5.7 billion of cash to shareholders, including $1 billion in share repurchases.

What is Weyerhaeuser's (WY) shareholder return target?

Weyerhaeuser targets a total shareholder return of 75-80% of annual Adjusted Funds Available for Distribution through dividends and share repurchases.

How much did Weyerhaeuser (WY) repurchase in Q2 2025?

In Q2 2025, Weyerhaeuser repurchased approximately $74 million of common shares, completing its prior authorization.