Business News

WEYERHAEUSER COMPANY DECLARES DIVIDEND

Wednesday 08. July 2009 - The board of directors of Weyerhaeuser Company (NYSE: WY) on July 6 declared a dividend of 5 cents per share on the common stock of the corporation payable Aug. 31, 2009 to shareholders of record at the close of business July 31, 2009.

“Although our guidance for the recently completed quarter remains unchanged, the economic outlook for our businesses continues to be challenged and uncertain,” said Dan Fulton, president and chief executive officer. “We are taking many actions, including deferring timber harvest, shutting and curtailing facilities, and reducing costs wherever possible to preserve our long-term value and improve our performance during this uncertain period.

“In light of these conditions, this dividend decision enhances our current liquidity and provides for more financial flexibility, including a possible REIT conversion should the board make that decision in the future.”