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Weyerhaeuser Company - WY STOCK NEWS

Welcome to our dedicated page for Weyerhaeuser Company news (Ticker: WY), a resource for investors and traders seeking the latest updates and insights on Weyerhaeuser Company stock.

Weyerhaeuser Company (NYSE: WY) is a leading global enterprise in the forest products industry, renowned for its extensive timberlands and sustainable management practices. Established in 1900, Weyerhaeuser ranks among the world's largest private owners of timberlands, overseeing approximately 10.5 million acres in the United States and an additional 14 million acres under long-term licenses in Canada. The company operates primarily in three business segments: timberlands, wood products, and real estate.

Timberlands: Weyerhaeuser’s timberlands are managed sustainably, complying with internationally recognized forestry standards. The company focuses on maximizing timber yields while maintaining ecological balance and biodiversity. This segment includes activities such as timber harvesting, land management, and sales of standing timber.

Wood Products: As one of North America’s largest producers of wood products, Weyerhaeuser manufactures a broad range of items including lumber, oriented strand board (OSB), and other engineered wood products. These products cater to the construction and home improvement markets, and the company maintains a strong presence in both domestic and export markets.

Real Estate, Energy & Natural Resources: Weyerhaeuser's real estate segment includes the sale of land for development, timberland transactions, and conservation initiatives. The company is also expanding its climate solutions portfolio by engaging in carbon capture and sequestration (CCS) projects, underscoring its commitment to sustainability. Recently, Weyerhaeuser signed an agreement with Lapis Energy to explore CCS opportunities across 187,500 acres in the southern U.S.

Recent Achievements: The company has launched several impactful initiatives, including the THRIVE program, which aims to invest in rural operating communities with a $5 million commitment. Additionally, Weyerhaeuser successfully sold its first forest carbon credits from its Maine project, marking its entry into the voluntary carbon market. The company also reported robust financial performance in 2023, with $7.7 billion in net sales and a strategic acquisition of mature timberlands in the Carolinas and Mississippi.

Partnerships and Innovations: Weyerhaeuser collaborates extensively with various stakeholders to enhance its operational impact. Through partnerships with businesses, nonprofits, and governments, the company supports community development and environmental sustainability. One notable partnership is with Be Pro Be Proud, which aims to educate students on career opportunities in skilled trades within the forest products industry.

Weyerhaeuser’s diversified portfolio, strong commitment to sustainability, and innovative initiatives position it as a leader in the forest products industry. The company continuously seeks to balance economic performance with environmental stewardship, ensuring long-term benefits for stakeholders and the environment.

News

Weyerhaeuser Company Announces 5.3% Dividend Increase

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Weyerhaeuser Company (NYSE: WY) has announced a 5.3 percent increase in its quarterly base cash dividend, from $0.19 per share to $0.20 per share. The dividend is payable on March 22, 2024, to shareholders of record as of March 8, 2024. The company's president and CEO, Devin W. Stockfish, emphasized their commitment to growing the sustainable base dividend by 5 percent annually through 2025. Weyerhaeuser's cash return framework aims to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD), with the flexibility to return additional cash through supplemental dividends or share repurchases.
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Weyerhaeuser Company Declares Supplemental Dividend on Common Shares

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Weyerhaeuser Company (NYSE: WY) has declared a supplemental dividend of $0.14 per share on the common stock of the company, payable in cash on February 27, 2024, to holders of record of such common stock as of the close of business on February 16, 2024. In 2023, Weyerhaeuser generated Adjusted Funds Available for Distribution (Adjusted FAD) of $986 million. Including the supplemental dividend to be paid on February 27, 2024, Weyerhaeuser is returning $0.90 per share of cash dividends to shareholders based on 2023 financial results, including $556 million, or $0.76 per share, of quarterly base dividends paid in 2023 and $102 million, or $0.14 per share, from the supplemental dividend declared today. Including $125 million of shares repurchased during 2023, Weyerhaeuser is returning $783 million in total cash to shareholders based on 2023 results, or approximately 80 percent of 2023 Adjusted FAD, which is at the high end of the company's targeted annual payout range of 75 to 80 percent of Adjusted FAD.
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Weyerhaeuser Reports Fourth Quarter, Full Year Results

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Weyerhaeuser Company (NYSE: WY) reported fourth quarter net earnings of $219 million, with a full year net earnings of $839 million. The company achieved full year Adjusted EBITDA of $1.7 billion and returned $783 million in total cash back to shareholders based on 2023 results. Weyerhaeuser monetized its first forest carbon credits and enhanced its Southern Timberlands portfolio with strategic transactions. The company also declared a $0.14 per share supplemental dividend, returning approximately 80 percent of 2023 Adjusted FAD to shareholders. The CEO emphasized solid execution across all businesses and a favorable longer-term outlook for demand fundamentals.
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Weyerhaeuser Announces Habitat for Humanity Innovation Challenge

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Weyerhaeuser Company (NYSE: WY) announced the Habitat for Humanity Innovation Challenge to encourage new and creative home-building solutions using sustainable wood products. Six U.S.-based Habitat affiliates will receive $15,000 each to implement innovative uses of wood products that increase equitable access to affordable homes. The challenge aims to support communities by creating greater access to affordable and sustainable homes, leveraging the natural benefits of wood products.
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Weyerhaeuser Announces Tax Treatment of 2023 Distributions

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Weyerhaeuser Company (NYSE: WY) has reported its 2023 dividend tax reporting information, with a total distribution of $1.66 per share. The company's tax return for the year ended December 31, 2023, has not been filed yet. Shareholders are advised to consult their tax advisor for the specific effects of these distributions on their individual tax situation.
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Weyerhaeuser Completes Sale of Initial Carbon Credit Offering

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Weyerhaeuser Company (NYSE: WY) announced the sale of nearly 32,000 forest carbon credits at $29 per credit, marking its first transaction in the voluntary carbon market. The agreement represents the sale of all credits issued by ACR for the first year of the company's Kibby Skinner Improved Forest Management (IFM) Project in Maine. Weyerhaeuser plans to immediately retire these credits on behalf of the buyer. The company is currently developing several IFM projects on select areas within its 11-million-acre land base in the U.S., including two in the U.S. South anticipated to be approved in 2024. Weyerhaeuser is working with Carbon Direct to deliver scientifically robust, high-quality forest carbon credits. The company is committed to offering only the highest-quality credits to the market and believes it is uniquely positioned to scale its credit offerings as companies increasingly look to reduce and offset their emissions and reach their net-zero commitments.
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Weyerhaeuser to Release Fourth Quarter Results on January 25

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Weyerhaeuser Company (NYSE: WY) to Hold Webcast and Conference Call on January 26 to Discuss Fourth Quarter 2023 Results
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Weyerhaeuser to Enhance Southern Timberlands Portfolio

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Weyerhaeuser Company (NYSE: WY) has entered into purchase and sale agreements with Forest Investment Associates to divest approximately 69,600 acres in Upstate South Carolina for $170 million and to purchase approximately 60,700 acres of high-quality timberlands in Coastal North Carolina, South Carolina, and Mississippi for $163 million. The acquisition includes mature, highly productive acreage integrated with existing Weyerhaeuser timberlands and mill operations, with an expected average harvest of 6.9 tons per acre annually over the first five years. The company expects an average Adjusted EBITDA from timber operations of approximately $130 per acre annually over the first five years. Weyerhaeuser aims to optimize its Southern Timberlands portfolio, improve cash flow, and create long-term value for shareholders through this transaction.
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Weyerhaeuser Company Declares Dividend on Common Shares

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Weyerhaeuser Company (NYSE: WY) declares a quarterly base cash dividend of $0.19 per share, payable on December 15, 2023, to holders of record as of December 1, 2023. The company plans to supplement the base dividend with additional variable cash to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD).
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Weyerhaeuser Announces New "THRIVE" Program to Support Rural Operating Communities

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Weyerhaeuser Company (NYSE: WY) Announces $5 Million THRIVE Program to Support Rural Operating Communities in North America
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FAQ

What is the current stock price of Weyerhaeuser Company (WY)?

The current stock price of Weyerhaeuser Company (WY) is $27.5 as of December 20, 2024.

What is the market cap of Weyerhaeuser Company (WY)?

The market cap of Weyerhaeuser Company (WY) is approximately 19.9B.

What does Weyerhaeuser do?

Weyerhaeuser is a leading forest products company that manages timberlands, manufactures wood products, and engages in real estate and sustainability projects.

How large is Weyerhaeuser's timberland holdings?

Weyerhaeuser owns or controls approximately 10.5 million acres of timberlands in the U.S. and manages 14 million acres under long-term licenses in Canada.

What is the THRIVE program?

The THRIVE program is Weyerhaeuser's initiative to invest $5 million to support rural operating communities through grants, funding, and local engagement.

How does Weyerhaeuser contribute to sustainability?

Weyerhaeuser manages its timberlands sustainably, supports carbon capture and sequestration projects, and manufactures eco-friendly wood products.

What are Weyerhaeuser's main business segments?

Weyerhaeuser operates in three main business segments: timberlands, wood products, and real estate.

When does Weyerhaeuser release its financial results?

Weyerhaeuser typically releases its financial results quarterly. Upcoming releases are announced on the company's website.

What are Weyerhaeuser's recent financial highlights?

In 2023, Weyerhaeuser reported net sales of $7.7 billion and launched various strategic initiatives, including expanding its timberlands and entering the voluntary carbon market.

How can I invest in Weyerhaeuser?

Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY.

What career opportunities does Weyerhaeuser offer?

Weyerhaeuser offers various career opportunities across its business lines, including roles in forestry, manufacturing, and sustainability.

How can I contact Weyerhaeuser for more information?

For more information, you can contact Weyerhaeuser's analysts or media representatives. Contact details are available on the company's website.

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Weyerhaeuser Company

NYSE:WY

WY Rankings

#544 Ranked by Market Cap
#1112 Ranked by Dividends

WY Stock Data

19.93B
724.38M
0.28%
88.53%
1.15%
REIT - Specialty
Real Estate Investment Trusts
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