Weyerhaeuser Announces 10 Percent Dividend Increase on Common Shares

Weyerhaeuser Company announced its board of directors has authorized a 10% increase in the company’s quarterly dividend on its Common Shares, from $0.20 per share to $0.22 per share. The board declared a dividend of $0.22 per share on the common stock of the company, payable in cash on Sept. 13, 2013, to holders of record of such common shares at the close of business on Aug. 30, 2013.

Additionally, the company’s board of directors has declared a dividend of $0.8588 per share on the company’s 6.375% mandatory convertible preference shares, Series A, which will be payable in cash on Oct. 1, 2013 to holders of record of such mandatory convertible preference shares at the close of business on Sept. 15, 2013.