Aug 14, 2013. /Lesprom Network/. Weyerhaeuser Company announced its Board of Directors has authorized a 10% increase in the company's quarterly dividend on its common shares, from $0.20 per share to $0.22 per share. 

The Board declared a dividend of $0.22 per share on the Common Stock of the company, payable in cash on September 13, 2013, to holders of record of such common shares at the close of business on August 30, 2013.

Additionally, the company's Board of Directors has declared a dividend of $0.8588 per share on the company's 6.375% Mandatory Convertible Preference shares, Series A, which will be payable in cash on October 1, 2013 to holders of record of such mandatory convertible preference shares at the close of business on September 15, 2013.

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900.