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| Weyerhaeuser declares reduced quarterly dividend The board of directors of Weyerhaeuser Co, one of the world's largest forest products companies, declared a dividend of 25 cents per share on the common stock of the corporation payable March 2, 2009 to shareholders of record at the close of business Jan. 30, 2009. This reduces the quarterly dividend payment from the previous level of 60 cents. The company said that the continued housing slump and a weaker pulp market will result in significantly lower than expected fourth quarter earnings. Weyerhaeuser expects challenging market conditions to continue through 2009. write your comments about the article :: © 2008 Construction News :: home page |