Weyerhaeuser (WY) will hike its dividend by 5.9 percent to 18 cents quarterly. Earlier this year WY also announced a $1.45 per share special dividend. The current annual dividend yields 1.7% at a stock price of $41.56. The ex-dividend date is March 3, 2022.

Weyerhaeuser s a real estate investment trust. The company is one of the world's largest private owners of timberlands. WY owns or controlsl millions of acres of timberlands in the U.S., and manages additional timberlands under long-term licenses in Canada. The company manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products.