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Stock Market & Financial Investment News

News Breaks
August 13, 2014
20:02 EDTWYWeyerhaeuser increases dividend 32%, announces $700M share buyback program
Weyerhaeuser Company announced that its board has declared a dividend on the company's common shares of 29c per share, reflecting a 32% increase from the prior quarterly dividend of 22c per share. The dividend is payable in cash on September 12 to holders of record of such common shares at the close of business on August 29. Additionally, the board has authorized a new share repurchase program of up to $700M of the company's common shares. This new program will replace the prior share repurchase program.
News For WY From The Last 14 Days
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December 9, 2014
06:39 EDTWYNorbord, Ainsworth merger positive for Weyerhaeuser, says Citigroup
Citigroup views yesterday's merger announcement from Norbord and Ainsworth Lumber as positive for Weyerhaeuser (WY) and the oriented strand board market. Citi expects positive OSB earnings momentum for Weyerhaeuser as prices rebound in 2015-2016. Shares were up 58c yesterday to $36.11. Shares of Louisiana-Pacific (LPX), which attempted to acquire Ainsworth in 2013, rallied $1.33 to $16.83.

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