SEATTLE, Jan. 15, 2019 /PRNewswire/ -- For shareholders of
Weyerhaeuser Company (NYSE: WY), the 2018 dividend distributions
totaling $1.32 per share on the
Common Stock CUSIP 96216610 traded under the symbol WY are
classified for income tax purposes as Capital Gain Distributions
which are treated as long-term capital gain. The common share
dividends were paid quarterly as follows: $0.32 on March 23,
2018; $0.32 on June 22, 2018; $0.34 on September 28,
2018; and $0.34 on
December 21, 2018.
The recently enacted Tax Cuts and Jobs Act eliminated the
corporate alternative minimum tax adjustment to shareholders
beginning with the 2018 tax year. Because the company's dividend
distributions are characterized as capital gains, they are not
eligible for the 20% qualified business income deduction (Section
199A deduction) included in the Act.
Shareholders are encouraged to consult their tax advisor to
determine the specific effect these distributions may have on their
individual tax situation.
About Weyerhaeuser
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began operations in
1900. We own or control 12.4 million acres of timberlands in the
U.S., and manage additional timberlands under long-term licenses in
Canada. We manage these
timberlands on a sustainable basis in compliance with
internationally recognized forestry standards. We are also one of
the largest manufacturers of wood products. Our company is a real
estate investment trust. In February
2016, we merged with Plum Creek Timber Company, Inc. In
2017, we generated $7.2 billion in
net sales and employed approximately 9,300 people who serve
customers worldwide. We are listed on the Dow Jones Sustainability
North America Index. Our common stock trades on the New York Stock
Exchange under the symbol WY. Learn more at
www.weyerhaeuser.com.
For more information contact:
Media –
Nancy Thompson, 919-861-0342
Analysts – Beth Baum,
206-539-4450
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SOURCE Weyerhaeuser Company