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.
Weyerhaeuser Company (NYSE: WY) will have its CEO, Devin Stockfish, represent the company at two major investor conferences. The first event is the Raymond James 44th Annual Institutional Investors Conference in Orlando, Florida, scheduled for March 6, 2023, at 9:15 a.m. Eastern. The second conference is the Citi 2023 Global Property CEO Conference in Hollywood, Florida, on March 7, 2023, at 9:55 a.m. Eastern. Interested parties can access live webcasts of both presentations along with materials at investor.weyerhaeuser.com, where replays will be available shortly after.
On February 9, 2023, Weyerhaeuser Company (NYSE: WY) announced a quarterly cash dividend of $0.19 per share, marking a 5.6% increase from the previous $0.18. The dividend is payable on March 17, 2023, to shareholders on record as of March 3, 2023. This is the second increase in two years, reflecting the company's commitment to a 5% annual growth in its base dividend through 2025. The company plans to return 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders, emphasizing its strategy of sustainable and opportunistic cash returns.
Weyerhaeuser Company (NYSE: WY) announced a supplemental dividend of $0.90 per share, contributing to a total of $1.62 per share in dividends for 2022. The company's total cash return to shareholders reached $1.75 billion, which is 75% of Adjusted Funds Available for Distribution (Adjusted FAD) for the year. This reflects strong cash generation, with Adjusted FAD exceeding $2.3 billion. The supplemental dividend is payable on February 27, 2023, to shareholders of record as of February 15, 2023. Weyerhaeuser’s commitment includes plans to increase the base dividend by 5% annually through 2025.
Weyerhaeuser Company (NYSE: WY) reported a fourth quarter net earnings of $11 million, or 2 cents per diluted share, significantly down from $416 million last year, driven by a net sales decline to $1.8 billion from $2.2 billion. Despite a full year net earnings of $1.9 billion, results reflect a decrease from $2.6 billion in 2021, with Adjusted EBITDA dropping to $3.7 billion from $4.1 billion. The company announced a $0.90 per share supplemental dividend and plans to return $1.75 billion in cash to shareholders. The purchase of a $420 million group annuity contract reduced pension liabilities, a strategic move to strengthen the balance sheet.
Weyerhaeuser Company (NYSE: WY) announced that its 2022 distributions totaled $2.17 per share, with specific tax designations for shareholders. Key distribution details include:
- Record Dates: 02/18, 03/04, 06/03, 09/02, 12/02 in 2022.
- Payable Dates: 02/28, 03/18, 06/17, 09/16, 12/16 in 2022.
- Cash Distribution Breakdown: $1.45, $0.18 for various dates.
The company indicated that a portion is designated as capital gain distributions, which are not eligible for the 20% qualified business income deduction. Further tax information will be available by January 30, 2023.
Weyerhaeuser Company (NYSE: WY) plans to announce its fourth quarter 2022 results on January 26, after the market closes. Following the release, the company will host a live webcast and conference call on January 27, at 7 a.m. PT (10 a.m. ET) to discuss the results. Weyerhaeuser is a leading timberland owner and wood products manufacturer, managing approximately 11 million acres of timberlands in the U.S. and Canada. The company generated $10.2 billion in net sales in 2021, operating as a real estate investment trust.
Denbury Inc. (NYSE: DEN) and Weyerhaeuser Company (NYSE: WY) have announced a cooperative agreement to evaluate a CO2 sequestration site in Mississippi. This lease grants Denbury the exclusive rights to operate approximately 16,000 acres of pore space held by Weyerhaeuser. The site, which has a capacity for about 275 million metric tons of CO2, will allow Denbury to enhance its carbon storage portfolio. They plan to drill a test well and pursue necessary permits in 2023 to further this project.
Weyerhaeuser Company (NYSE: WY) has partnered with American Forests to launch an initiative aimed at expanding the Tree Equity program into rural communities. This initiative will educate students on environmental justice and forestry careers while addressing tree canopy disparities in three pilot locations: Ruston, Louisiana; Tacoma, Washington; and Natchitoches, Louisiana. The program incorporates innovative tools like the Tree Equity Score to assess community needs, with hands-on projects planned for students to plant trees and develop greening initiatives, promoting climate resilience and social equity.
Weyerhaeuser Company (NYSE: WY) announced a $100,000 donation to Idabel, Oklahoma, in response to the devastating tornado that struck on November 4, 2022. The storm severely impacted more than 100 homes and businesses, creating urgent needs for temporary housing and essential supplies. Senior vice president Keith O'Rear emphasized the company's ongoing commitment to assist the Idabel community, where Weyerhaeuser has operated since 1969. The company's Idabel lumber mill and a nearby timberlands office were unaffected by the storm, employing 147 workers in the area.
Weyerhaeuser Company (NYSE: WY) announced a quarterly cash dividend of $0.18 per share on November 11, 2022. This dividend will be payable on December 16, 2022, to shareholders on record as of the close of business on December 2, 2022. The company has implemented a 'base plus variable supplemental' dividend framework, aiming to return 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders. In 2021, Weyerhaeuser generated $10.2 billion in net sales, highlighting its significant market presence.
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