SEATTLE, Nov. 9, 2017 /PRNewswire/ -- Weyerhaeuser
Company (NYSE: WY) today announced that its board of directors has
declared a dividend of $0.32 per
share on the common stock of the company, reflecting a 3.2 percent
increase from the prior quarterly dividend of $0.31 per share.
The dividend is payable in cash on December 15, 2017 to holders of record of such
common stock as of the close of business on December 1, 2017.
"We are focused on returning cash to shareholders as we continue
to improve our operating performance and capitalize on market
conditions," said Doyle R. Simons,
president and CEO. "With today's announcement, we have increased
our dividend six times since 2011, consistent with our commitment
to a growing and sustainable dividend."
About Weyerhaeuser
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began operations in
1900. We own or control nearly 13 million acres of timberlands in
the U.S., and manage additional timberlands under long-term
licenses in Canada. We manage
these timberlands on a sustainable basis in compliance with
internationally recognized forestry standards. We are also one of
the largest manufacturers of wood products. Our company is a real
estate investment trust. In February
2016, we merged with Plum Creek Timber Company, Inc. In
2016, we generated $6.4 billion in
net sales and employed approximately 10,400 people who serve
customers worldwide. We are listed on the Dow Jones World
Sustainability Index. Our common stock trades on the New York Stock
Exchange under the symbol WY. Learn more at
www.weyerhaeuser.com.
For more information contact:
Media – Anthony
Chavez, 206-539-4406
Analysts – Beth Baum, 206-539-3907
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SOURCE Weyerhaeuser Company