The board of directors of Weyerhaeuser Company recently declared a regular quarterly dividend of five cents per share on the common stock of the corporation. The dividend is payable Dec. 1 to shareholders of record at the close of business Nov. 5.
The dividend returns $27 million to shareholders, an increase from the $11 million previously paid to shareholders the past several quarters. The dividend is payable on the company’s current share count of 536 million shares compared with 212 million shares in the prior quarters. The share count increased with the special dividend payment on Sept. 1.
Weyerhaeuser will provide guidance on future dividends in December 2010.
