SEATTLE, Aug. 8, 2024 /PRNewswire/ — Weyerhaeuser Company (NYSE: WY) lately introduced that its board of administrators declared a quarterly bottom money dividend of $0.20 in keeping with proportion at the ordinary conserve of the corporate, payable in money on September 13, 2024, to holders of file of such ordinary conserve as of the similar of industrial on August 30, 2024.

Beneath Weyerhaeuser’s money go back framework, the corporate expects to complement its quarterly bottom money dividend, as suitable, with an alternative go back of variable money to succeed in a focused overall go back to shareholders of 75 to 80 % of annual Adjusted Budget To be had for Distribution (Adjusted FAD). The corporate has the versatility in its capital allocation framework to go back this alternative money both within the method of a supplemental money dividend or thru opportunistic proportion repurchase.

Adjusted FAD, a non-GAAP measure, is outlined by means of Weyerhaeuser as internet money from operations adjusted for capital expenditures and demanding non-recurring pieces.

ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the vital international’s biggest non-public homeowners of timberlands, started operations in 1900 and lately owns or controls roughly 10.5 million acres of timberlands within the U.S., in addition to 14 million acres of timberlands controlled below long-term licenses in Canada. Weyerhaeuser has been a world chief in sustainability for greater than a century and manages one hundred pc of its timberlands on an absolutely sustainable foundation in compliance with across the world identified sustainable forestry requirements. Weyerhaeuser may be one of the vital biggest producers of wood products in North The usa and operates alternative trade traces round real estate, climate solutions, power and herbal sources, amongst others. In 2023, the corporate generated $7.7 billion in internet gross sales and hired roughly 9,300 public who grant consumers international. Operated as an actual property funding accept as true with, Weyerhaeuser’s ordinary conserve trades at the Unused York Keep Change below the logo WY. Be told extra at www.weyerhaeuser.com.

FORWARD-LOOKING STATEMENTS

This information shed comprises statements throughout the which means of the Personal Securities Litigation Reform Office of 1995 regarding the corporate’s expectancies concerning the quantity, timing and prevalence of time quarterly and supplemental money dividends in addition to the corporate’s dividend framework and time proportion repurchases. Ahead-looking statements are typically known by means of phrases akin to “expects” and “targeted” and matching phrases and expressions referencing time occasions. Ahead-looking statements are according to our stream expectancies and guesses, the accuracy of which might be topic to numerous dangers and uncertainties that might motive latest effects to range materially from the ones described within the forward-looking statements. Those dangers and uncertainties come with, however don’t seem to be restricted to, the ones known in our 2023 Annual File on Method 10-Ok, in addition to the ones eager forth from age to age in our alternative folk statements, experiences, registration statements, prospectuses, knowledge statements and alternative filings with the SEC.

It isn’t imaginable to are expecting or establish all dangers and uncertainties that may have an effect on the accuracy of our forward-looking statements and, because of this, our descriptions of such dangers and uncertainties will have to no longer be thought to be exhaustive. Ahead-looking statements discuss most effective as of the era they’re made, and we adopt disagree legal responsibility to publicly replace or revise any forward-looking statements, whether or not as a result of brandnew knowledge, time occasions, or differently. Additionally integrated on this information shed are references to Adjusted FAD, which is a non-GAAP monetary measure. Adjusted FAD will not be similar to in a similar way named or captioned non-GAAP monetary measures of alternative corporations because of attainable inconsistencies in how such measures are calculated. Adjusted FAD will have to no longer be thought to be in isolation from, and isn’t supposed to constitute an spare to, our GAAP effects.

For more info touch:
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

SOURCE Weyerhaeuser Corporate