Weyerhaeuser Announces Tax Treatment of 2024 Dividend Distributions

Rhea-AI Summary

Weyerhaeuser Company (NYSE: WY) has announced the tax treatment of its 2024 dividend distributions, totaling $0.94 per share on Common Stock. The distributions were made across five payments throughout 2024: $0.14 per share in February, followed by four quarterly payments of $0.20 per share in March, June, September, and December.

All dividend distributions for 2024 are classified as capital gain distributions, with no portion qualifying as qualified dividends or nondividend distributions. Notably, these distributions are not eligible for the 20% qualified business income deduction under section 199A of the Internal Revenue Code. The company notes that these tax allocations are based on current available information and could be adjusted upon filing of the company's 2024 tax return.

Positive

• Consistent quarterly dividend payments throughout 2024
• Total annual dividend distribution of $0.94 per share
• Clear tax classification as capital gains provides tax planning clarity for investors

Negative

• Dividends not eligible for 20% qualified business income deduction
• Tax treatment could be subject to change upon final tax return filing

SEATTLE, Jan. 21, 2025 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the 2024 dividend distributions on the Common Stock CUSIP 96216610 traded under the symbol WY totaling $0.94 per share are designated for income tax purposes as follows:

2024 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Cash Distribution per Share	Capital Gain Distribution (1)	Qualified Dividend	Nondividend Distribution
02/16/2024	02/27/2024	$0.140000	$0.140000	$0.000000	$0.000000
03/08/2024	03/22/2024	$0.200000	$0.200000	$0.000000	$0.000000
05/31/2024	06/14/2024	$0.200000	$0.200000	$0.000000	$0.000000
08/30/2024	09/13/2024	$0.200000	$0.200000	$0.000000	$0.000000
11/29/2024	12/13/2024	$0.200000	$0.200000	$0.000000	$0.000000
	Totals	$0.940000	$0.940000	$0.000000	$0.000000

The company's tax return has not been filed for the year ended December 31, 2024. The dividend income tax allocations presented herein have been calculated using the best available information to date and could change upon the filing of the company's tax return.

The company's 2024 dividend distributions are designated as capital gain distributions. As a result, the dividend distributions are not eligible for the 20 percent qualified business income deduction under section 199A of the Internal Revenue Code.

Shareholders are encouraged to consult their tax advisor to determine the specific effect these dividend distributions may have on their individual tax situation.

⁽¹⁾ For purposes of section 1061 of the Internal Revenue Code, the company is disclosing that both the One Year and Three Year amounts are $0.00/share. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."

ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.5 million acres of timberlands in the U.S, as well as 14 million acres of timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around real estate, climate solutions, energy and natural resources, among others.  In 2023, the company generated $7.7 billion in net sales and employed approximately 9,300 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

For more information contact:
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

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SOURCE Weyerhaeuser Company

FAQ

What is the total dividend distribution for Weyerhaeuser (WY) in 2024?

Weyerhaeuser's total dividend distribution for 2024 was $0.94 per share.

How are Weyerhaeuser's (WY) 2024 dividends classified for tax purposes?

All of Weyerhaeuser's 2024 dividends are classified as capital gain distributions.

What were the dividend payment dates for Weyerhaeuser (WY) in 2024?

Weyerhaeuser paid dividends on February 27, March 22, June 14, September 13, and December 13, 2024.

Are Weyerhaeuser's (WY) 2024 dividends eligible for the qualified business income deduction?

No, WY's 2024 dividend distributions are not eligible for the 20% qualified business income deduction under section 199A.

How much was Weyerhaeuser's (WY) quarterly dividend in 2024?

Weyerhaeuser paid $0.20 per share quarterly, except for February which was $0.14 per share.