Weyerhaeuser (WY) Raises Quarterly Dividend 6.3% to $0.34; 3.9% Yield

Weyerhaeuser (NYSE: WY) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 6.3% increase from the prior dividend of $0.32.

The dividend will be payable on September 28, 2018, to stockholders of record on September 14, 2018, with an ex-dividend date of September 13, 2018.

The annual yield on the dividend is 3.9 percent.

"In recognition of our strong cash flow generation and the sustainable improvements in our operating performance, our board of directors has voted to raise our quarterly dividend for the seventh time in seven years," said Doyle R. Simons, president and chief executive officer. "Since 2011 we've increased our dividend by more than 125 percent, consistent with our commitment to return cash to shareholders through a sustainable and growing dividend."

For a dividend history and other dividend-related data on Weyerhaeuser (WY) click here.

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