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Weyerhaeuser's Preference Series A Shares Cross 6% Yield Mark

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In trading on Thursday, shares of Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (NYSE: WY.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $3.1876), with shares changing hands as low as $52.91 on the day. This compares to an average yield of 6.98% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, WY.PRA was trading at a 8.38% premium to its liquidation preference amount, versus the average premium of 3.66% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.5015 and 1.8018.

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The chart below shows the one year performance of WY.PRA shares, versus WY:

Below is a dividend history chart for WY.PRA, showing historical dividend payments on Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A :


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In Thursday trading, Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (NYSE: WY.PRA) is currently up about 0.1% on the day, while the common shares (NYSE: WY) are down about 0.7%.