Weyerhaeuser Company Declares Dividend on Common Shares

Board also declares dividend on Mandatory Convertible Preference Shares

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May 22, 2015, 05:26 ET

FEDERAL WAY, Wash., May 22, 2015 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a dividend of $0.29 per share on the Common Stock of the company, payable in cash on June 19, 2015, to holders of record of such common shares at the close of business on June 5, 2015. Additionally, the company's board of directors has declared a dividend of $0.7969 per share on the company's 6.375% Mandatory Convertible Preference Shares, Series A, which will be payable in cash on July 1, 2015, to holders of record of such mandatory convertible preference shares at the close of business on June 15, 2015.

About Weyerhaeuser
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control nearly 7 million acres of timberlands, primarily in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood and cellulose fibers products. Our company is a real estate investment trust. In 2014, our continuing operations generated $7.4 billion in sales and employed approximately 12,800 people who serve customers worldwide. We are listed on the Dow Jones World Sustainability Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

For more information contact:
Media – Anthony Chavez, 253-924-7148
Analysts – Beth Baum, 253-924-3815

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SOURCE Weyerhaeuser Company