Potlatch (PCH) Declares $3.54 Special Dividend; 7.6% Yield

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Go back to Potlatch (PCH) Declares $3.54 Special Dividend; 7.6% Yield

PotlatchDeltic Board Declares Quarterly Distribution on Common Stock and Special Dividend

August 30, 2018 7:00 PM EDT

SPOKANE, Wash., Aug. 30, 2018 (GLOBE NEWSWIRE) -- The board of directors (Board) of PotlatchDeltic Corporation (NASDAQ: PCH) has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable September 28, 2018 to stockholders of record on September 14, 2018. 

The Board also approved a special dividend on PotlatchDeltics common stock of approximately $222 million, or $3.54 per share based upon the number of shares currently outstanding. The special dividend amount equals the Companys determination of the accumulated earnings and profits of Deltic Timber Corporation as of February 20, 2018, the date Deltic merged into a... More