Weyerhauser announces dividend increase
Weyerhaeuser Company recently announced that its board of directors have declared a dividend of US$0.34 per share on the common stock of the company, reflecting a 6.3 per cent increase from the prior quarterly dividend of US$0.32 per share.
The dividend is payable in cash on September 28, 2018, to holders of record of such common stock as of the close of business on September 14, 2018.
“In recognition of our strong cash flow generation and the sustainable improvements in our operating performance, our board of directors has voted to raise our quarterly dividend for the seventh time in seven years,” said Doyle R. Simons, president and chief executive officer. “Since 2011 we've increased our dividend by more than 125 percent, consistent with our commitment to return cash to shareholders through a sustainable and growing dividend.”