Chart Newsroom

Print News Release

Weyerhaeuser Announces the Estimated Number of Shares for the Stock Portion of the Special Dividend

Aug 26, 2010

FEDERAL WAY, Wash., August 26, 2010 Weyerhaeuser Company (NYSE: WY) today announced that it will distribute approximately 324 million shares to pay the stock portion of the special dividend.

This distribution is based on the average closing price for Weyerhaeuser common stock on Aug.  24, 25, and 26 of $15.54.

The special dividend is payable to shareholders of record as of July 22 in connection with the company's previously announced intent to convert to a real estate investment trust (REIT).

After paying the dividend, the company will have approximately 536 million common shares outstanding.

Weyerhaeuser expects to pay the special dividend on Sept. 1.

Weyerhaeuser Company, one of the world’s largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2009, we employed approximately 14,900 employees in 10 countries. We have customers worldwide and generated $5.5 billion in sales in 2009. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.

More Information: Contact Us

Top
Welcome to Weyerhaeuser's new website!

You appear to be using an older browser. This website is best viewed using the latest versions of Internet Explorer, Chrome, Safari, and Firefox. If you proceed without upgrading or switching browsers, you may not experience optimal navigation or page functionality. Thank you for your interest in Weyerhaeuser and we hope you enjoy your visit.

Update my browser now

×