27 May 2021
WEYERHAEUSER GROUP_USA: DECLARES DIVIDEND ON COMMON SHARES
SEATTLE, May 13, 2021. Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a quarterly base cash dividend of US$ 0.17 per share on the common stock of the company, payable in cash on June 18, 2021, to holders of record of such common stock as of the close of business on June 4, 2021.
In fourth quarter 2020, Weyerhaeuser implemented a "base plus variable supplemental" dividend framework. Under this framework, the company expects to supplement its quarterly base cash dividend, as appropriate, with a variable return of cash to achieve a targeted total annual return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD).
Weyerhaeuser expects this variable return of cash will occur primarily through a supplemental cash dividend which will, in general, be declared and paid annually in the first quarter. Adjusted FAD, a non-GAAP measure, is defined by Weyerhaeuser as net cash from operations adjusted for capital expenditures and significant non-recurring items.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands 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 products in North America. Our company is a real estate investment trust. In 2020, we generated $7.5 billion in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. Our common stock trades on the New York Stock Exchange under the symbol WY.
For more information contact the Analyst Beth Baum or Media Nancy Thompson:
220 Occidental Avenue South
WA-98104 SEATTLE, Washington / USA
Ph. +1 800 525 5440
Analyst Beth Baum, Ph +1 206 5394450
Media Nancy Thompsom, Ph. +1 919 8610342