Jul 15, 2005. /Lesprom Network/. The board of directors of Weyerhaeuser Company on July 14, 2005, declared a dividend of $0.50 per share on the common stock of the corporation payable August 29, 2005, to shareholders of record at the close of business August 5, 2005. Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2004, sales were $22.7 billion. It has offices or operations in 19 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities.