{"id":415408,"date":"2021-01-14T16:33:09","date_gmt":"2021-01-14T21:33:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415408"},"modified":"2021-01-14T16:33:09","modified_gmt":"2021-01-14T21:33:09","slug":"weyerhaeuser-announces-tax-treatment-of-2020-distributions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/weyerhaeuser-announces-tax-treatment-of-2020-distributions\/","title":{"rendered":"Weyerhaeuser Announces Tax Treatment of 2020 Distributions"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SEATTLE<\/span>, Jan. 14, 2021<\/span> \/PRNewswire\/ —\u00a0For shareholders of Weyerhaeuser Company<\/a> (NYSE: WY), the 2020 dividend distributions totaling $0.51<\/span> 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 as follows: $0.34<\/span> on March 20, 2020<\/span>; and $0.17<\/span> on December 18, 2020<\/span>.<\/p>\n

\n

\n
\n \"Weyerhaeuser
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Because the company’s dividend distributions are characterized as capital gains, they are not eligible for the 20 percent qualified business income deduction (Section 199A deduction).<\/p>\n

Shareholders are encouraged to consult their tax advisor to determine the specific effect these distributions may have on their individual tax situation.<\/p>\n

\n ABOUT WEYERHAEUSER
<\/b>
\n Weyerhaeuser Company<\/a>, one of the world’s largest private owners of\u00a0timberlands<\/a>, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in\u00a0Canada. We manage these timberlands on a\u00a0sustainable<\/a>\u00a0basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of\u00a0wood products<\/a>\u00a0in\u00a0North America. Our company is a real estate investment trust. In 2019, we generated\u00a0$6.6 billion\u00a0in net sales and employed approximately 9,400 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\u00a0www.weyerhaeuser.com<\/a>.<\/p>\n

\n For more information contact:
<\/b>
\n Analysts<\/i>\u00a0\u2013 Beth Baum<\/span>, 206-539-3907
Media<\/i>\u00a0\u2013 Nancy Thompson<\/span>, 919-861-0342<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/weyerhaeuser-announces-tax-treatment-of-2020-distributions-301208836.html<\/a><\/p>\n

SOURCE Weyerhaeuser Company<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SEATTLE, Jan. 14, 2021 \/PRNewswire\/ —\u00a0For shareholders of Weyerhaeuser Company (NYSE: WY), the 2020 dividend distributions totaling $0.51 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 as follows: $0.34 on March 20, 2020; and $0.17 on December 18, 2020. Because the company’s dividend distributions are characterized as capital gains, they are not eligible for the 20 percent qualified business income deduction (Section 199A deduction). 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, … <\/p>\n

Continue reading “Weyerhaeuser Announces Tax Treatment of 2020 Distributions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415408","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWeyerhaeuser Announces Tax Treatment of 2020 Distributions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/weyerhaeuser-announces-tax-treatment-of-2020-distributions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weyerhaeuser Announces Tax Treatment of 2020 Distributions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SEATTLE, Jan. 14, 2021 \/PRNewswire\/ —\u00a0For shareholders of Weyerhaeuser Company (NYSE: WY), the 2020 dividend distributions totaling $0.51 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 as follows: $0.34 on March 20, 2020; and $0.17 on December 18, 2020. Because the company’s dividend distributions are characterized as capital gains, they are not eligible for the 20 percent qualified business income deduction (Section 199A deduction). Shareholders are encouraged to consult their tax advisor to determine the specific effect these distributions may have on their individual tax situation. 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