The Board declared a dividend of $0.20 per share on the common stock of the corporation, payable May 31, 2013, to shareholders of record at the close of business May 10, 2013.
"The Board is committed to a sustainable and growing dividend," said Chuck Williamson, chairman of the Board. "Since setting our initial dividend as a REIT, we have grown the dividend by more than 33%."
"Stronger market fundamentals combined with our improved operating results underscore our confidence in increasing the dividend at this time," said Dan Fulton, president and CEO. "Although we still expect the market recovery to be uneven, Weyerhaeuser remains focused on capturing the full benefits of improving market conditions to further enhance shareholder value."
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900.