Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 4.4% Yield

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Go back to Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 4.4% Yield

CatchMark Reports Strong Second Quarter Results, Increases Guidance After Triple T Closing, Declares Dividend

August 2, 2018 4:10 PM EDT

ATLANTA, Aug. 2, 2018 /PRNewswire/ -- Following last month's closing of the $1.39 billion Triple T Timberlands joint venture tripling the number of acres under its management, CatchMark Timber Trust, Inc. (NYSE: CTT) reported strong second quarter performance from its operations, including its investment in the Dawsonville Bluffs joint venture. As a result of the Triple T transaction, the company also announced a 10% to 12% increase in its forecast for full-year 2018 Adjusted EBITDA into a range of between $47 million and $53 million.

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