Pope Resources (POPEZ) Increases Quarterly Dividend by 12%

August 23, 2006 8:40 AM EDT

Pope Resources (Nasdaq: POPEZ) announced today a quarterly distribution of 28 cents per unit, effective for unitholders of record on September 8, 2006 and payable on September 22, 2006. This represents a 12% increase in the partnership's quarterly distribution, or a three-cent increase from the prior quarterly distribution of 25 cents per unit.

"We are pleased to be able to grow our distribution rate, while at the same time assuring that we have adequate capital to facilitate the company's future growth initiatives," said David L. Nunes, President and CEO.


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