Soaring Lumber Prices Give Weyerhaeuser a Big Boost
If you have visited one of the big-box stores to work on a home improvement project, you probably noticed that lumber is a lot more expensive than it used to be. The chart for lumber prices in 2021 has looked more like the chart for a tech stock, as COVID-19 related supply bottlenecks paired with increased demand created shortages.
The increase in lumber prices has directly benefited the biggest owner of timberland in North America, Weyerhaeuser (NYSE: WY). As a result, investors might find themselves receiving a handsome dividend early next year.
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Source Fool.com