Potlatch (PCH) Raises Quarterly Dividend 6.7% to $0.40; 3% Yield

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Go back to Potlatch (PCH) Raises Quarterly Dividend 6.7% to $0.40; 3% Yield

Potlatch Board Increases Dividend 7%

October 23, 2017 7:01 AM EDT

SPOKANE, Wash., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Potlatch Corporation (Nasdaq: PCH) today announced that its Board of Directors has declared a dividend of $0.40 per share payable December 29, 2017 to stockholders of record on December 8, 2017.  This is a 7 percent increase relative to the prior quarterly dividend of $0.375 per share.

The accretive merger with Deltic announced this morning as well as the strength of our northern Resource business and the favorable outlook for continued financial and operational success have enabled us to increase our quarterly dividend, said Mike Covey, chairman and chief executive officer. We... More