Jan 13, 2006. /Lesprom Network/. The board of directors of Weyerhaeuser Company Limited on January 12, 2006, declared a dividend of $0.5 per share on the exchangeable shares of the corporation payable February 27, 2006, to shareholders of record at the close of business February 3, 2006. The dividend shall be paid in the Canadian dollar equivalent at the noon spot exchange rate on January 12, 2006, of 1.1625 the Canadian dollar equivalent amount is CAD $0.58. 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.