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Understanding Weyerhaeuser's Ex-Dividend Date

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Weyerhaeuser (NYSE:WY) declared a dividend payable on December 18, 2020 to its shareholders as of October 30, 2020. It was also announced that shareholders of Weyerhaeuser's stock as of December 4, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Weyerhaeuser, whose current dividend payout is $0.17, has an ex-dividend date set at December 3, 2020. The payout equates to a dividend yield of 2.39% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Weyerhaeuser's Dividend Payouts And Yields

Over the past year, Weyerhaeuser has experienced an overall downward trend regarding its dividend payouts and yields. Last year on June 6, 2019 the company's payout was $0.34, which has since decreased by $0.17. Similarly, Weyerhaeuser's dividend yield last year was 5.0%, which has since declined by 2.61%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Weyerhaeuser's previous dividends.

 

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Posted-In: Dividends

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