Apr 21, 2005. /Lesprom Network/. The executive committee of the board of directors of the Weyerhaeuser Company (NYSE:WY) today declared a dividend of $0.50 per share on the common stock of the corporation payable May 31, 2005 to shareholders of record at the close of business May 6, 2005. This is an increase of 25% from the first quarter dividend of $0.40 per share. "This action reflects the board's confidence in the company's financial strength," said Steven R. Rogel, chairman, president and chief executive officer. "It also demonstrates the commitment we made to shareholders that we would capitalize on opportunities to enhance shareholder value after reducing our debt following the Willamette acquisition."