Pope Resources (POPE) Raises Quarterly Dividend 25% to $1.00; 5.6% Yield

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Pope Resources Announces 25% Increase In Quarterly Distribution

October 3, 2018 4:30 PM EDT

POULSBO, Wash., Oct. 3, 2018 /PRNewswire/ -- Pope Resources (NASDAQ: POPE) announced today a quarterly distribution of $1.00 per unit, effective for unitholders of record on November 1, 2018 and payable on November 15, 2018. This represents a $0.20, or 25%, increase from the prior quarterly distribution of $0.80 per unit.

"The decision to significantly increase our distribution payout is a result of our active and ongoing review of our long-term... More