Weyerhaeuser Anticipates 2011 Annual Dividend of $.60

Weyerhaeuser Company WY today announced the dividend guidance its board of directors is providing for 2011. Weyerhaeuser anticipates paying a quarterly dividend of 15 cents per share, or 60 cents per share on an annualized basis, with the first dividend payment expected to occur in March 2011. The board will determine and declare the actual dividend on a quarterly basis. The company is targeting a dividend payout ratio of 75 percent of Funds Available for Distribution (FAD) over the cycle. However, given the near-term outlook, the company's 2011 dividend payout may be significantly all of its FAD for the year.
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