Volume Spike Investor

Weyerhaeuser Co. (NYSE: WY) shares are down about 2.5 percent to $29.25 with more than 15,000 shares traded shortly after 9 a.m. Eastern, after the company cut its quarterly dividend 80 percent to 5 cents a share, down from 25 cents a share. The company said the economic outlook for the business remains uncertain, although the company reiterated its second-quarter earnings target. The paper products company said it is reducing costs wherever possible. — Mike Tarsala.