Workflow
Weyerhaeuser Announces Tax Treatment of 2024 Dividend Distributions
WYWeyerhaeuser(WY) Prnewswire·2025-01-21 21:30

Dividend Distribution - Weyerhaeuser Company announced a total dividend distribution of 0.94persharefor2024,withspecificallocationsfortaxpurposes[1][2]−Thedividenddistributionsarecategorizedascapitalgaindistributions,whicharenoteligibleforthe20percentqualifiedbusinessincomedeductionundersection199AoftheInternalRevenueCode[2]CompanyOverview−WeyerhaeuserCompanyisoneofthelargestprivateownersoftimberlands,controllingapproximately10.5millionacresintheU.S.andmanaginganadditional14millionacresinCanada[3]−Thecompanyhasbeenaleaderinsustainabilityforoveracentury,managingallitstimberlandsincompliancewithinternationallyrecognizedsustainableforestrystandards[3]−In2023,Weyerhaeusergenerated0.94 per share for 2024, with specific allocations for tax purposes [1][2] - The dividend distributions are categorized as capital gain distributions, which are not eligible for the 20 percent qualified business income deduction under section 199A of the Internal Revenue Code [2] Company Overview - Weyerhaeuser Company is one of the largest private owners of timberlands, controlling approximately 10.5 million acres in the U.S. and managing an additional 14 million acres in Canada [3] - The company has been a leader in sustainability for over a century, managing all its timberlands in compliance with internationally recognized sustainable forestry standards [3] - In 2023, Weyerhaeuser generated 7.7 billion in net sales and employed around 9,300 people [3]