Weyerhaeuser Co (WY.N) Key Developments | Reuters.com
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Weyerhaeuser Co increases dividend; announces $700 million share repurchase program


Wednesday, 13 Aug 2014 08:00pm EDT 

Weyerhaeuser Co:Says that it has declared a dividend on the company's common shares of $0.29 per share.Says the dividend is payable in cash on Sept. 12, 2014, to holders of record of such common shares at the close of business on Aug. 29, 2014.Says the company also declared a dividend of $0.7969 per share on the company's 6.375 pct. Mandatory Convertible Preference Shares, Series A, which will be payable in cash on Oct. 1, 2014.Payable to holders of record of such mandatory convertible preference shares at the close of business on Sept. 15, 2014.Says it has authorized a new share repurchase program of up to $700 million of the company's common shares.Repurchases may be made through a variety of methods, including open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions or pursuant to 10b5-1 trading plans.