Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 4.8% Yield

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Go back to Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 4.8% Yield

CatchMark Reports Solid Increase in Revenues for Second Quarter 2017 and Declares Dividend

August 3, 2017 4:01 PM EDT

ATLANTA, Aug. 3, 2017 /PRNewswire/ -- Continuing on track to meet its operating plan for the year, CatchMark Timber Trust, Inc. (NYSE: CTT) reported a 68% increase in revenues, a 7% improvement in GAAP net loss, and a 137% increase in Adjusted EBITDA for the quarter ended June 30, 2017 compared to the three-month period ended June 30, 2016. Increases in year-over-year harvest volumes and timber sales revenue resulted primarily from last year's acquisition and integration of properties in South Carolina.

CatchMark also declared a cash dividend of $0.135 per share... More