Weyerhaeuser Announces $5.6 Billion In Special Dividend

Weyerhaeuser Co WY announced on Wednesday that it plans to pay a special dividend of $5.6 billion. The special dividend would comprise of $560 million in cash and approximately 324 million of common shares. Shareholders who opt for cash will receive $4.03 a share. They will also receive 1.44 shares in stock. Shareholders who opt for stock will get 1.70 shares. The latest announcement is an attempt by WY to transform into a real estate investment trust. The special dividend will be paid to shareholders of record on July 22. from Benzinga's Company news.