FEDERAL WAY, Wash.,
Feb. 10, 2016 /PRNewswire/ --
Weyerhaeuser Company (NYSE: WY) today announced that its board of
directors declared a dividend of $0.31 per share on the Common Stock of the
company, payable in cash on March 18,
2016 to holders of record of such common shares at the close
of business on March 8, 2016.
Additionally, the company's board of directors has declared a
dividend of $0.7969 per share on the
company's 6.375% Mandatory Convertible Preference Shares, Series A,
which will be payable in cash on April 1,
2016 to holders of record of such mandatory convertible
preference shares at the close of business on March 15, 2016.
About Weyerhaeuser
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 additional timberlands 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.
Our company is a real estate investment trust. In 2015, we
generated $7.1 billion in net sales
and employed approximately 12,600 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 – Beth Baum, 253-924-3815
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SOURCE Weyerhaeuser Company