Weyerhaeuser announces 10 percent dividend increase on its Common Shares
Board also declares dividend on Mandatory Convertible Preference Shares
FEDERAL WAY, Wash., Aug. 14, 2013
FEDERAL WAY, Wash., Aug. 14, 2013 /PRNewswire/ -- Weyerhaeuser Company (NYSE:
WY) today announced its board of directors has authorized a 10 percent
increase in the company's quarterly dividend on its Common Shares, from $0.20
per share to $0.22 per share. The board declared a dividend of $0.22 per
share on the Common Stock of the company, payable in cash on Sept. 13, 2013,
to holders of record of such Common Shares at the close of business on Aug.
30, 2013. Additionally, the company's board of directors has declared a
dividend of $0.8588 per share on the company's 6.375% Mandatory Convertible
Preference Shares, Series A, which will be payable in cash on Oct. 1, 2013 to
holders of record of such mandatory convertible preference shares at the close
of business on Sept. 15, 2013.
Weyerhaeuser Company, one of the world's largest private owners of
timberlands, began operations in 1900. We own or control nearly 7 million
acres of timberlands, primarily in the U.S., and manage another 14 million
acres 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 and cellulose
fibers products, and we develop real estate, primarily as a builder of
single-family homes. Our company is a real estate investment trust. In 2012,
we generated $7.1 billion in sales and employed approximately 13,200 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, 253-924-7148
Analysts – Kathryn McAuley, 253-924-2058
SOURCE Weyerhaeuser Company
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