02:38 PM EDT, 05/09/2025 (MT Newswires) -- (Updates with stock movement in the heading and first paragraph)

Weyerhaeuser (WY) shares rose 1.5% in recent Friday trading after the company announced a new share repurchase program.

The company said late Thursday its board approved a new $1 billion share repurchase program, replacing the company's recently completed $1 billion buyback plan.

The board kept Weyerhaeuser's quarterly base cash dividend at $0.21 per share, payable June 13 to shareholders of record as of the close of business May 30.

Price: 26.33, Change: +0.38, Percent Change: +1.48