Welcome to our dedicated page for PotlatchDeltic Corporation news (Ticker: PCH), a resource for investors and traders seeking the latest updates and insights on PotlatchDeltic Corporation stock.
PotlatchDeltic Corporation (NASDAQ: PCH) is a leading Real Estate Investment Trust (REIT) in the United States, specializing in the ownership and management of timberlands. With 1.8 million acres spread across Alabama, Arkansas, Idaho, Louisiana, Minnesota, and Mississippi, the company plays a critical role in sustainable forest management. PotlatchDeltic's operations are divided into three main segments: timberlands, wood products, and real estate.
The timberlands segment is involved in planting and harvesting trees, as well as constructing and maintaining access roads. PotlatchDeltic has been a pioneer in sustainable forestry and was the first publicly traded company in the U.S. to become FSC certified. Their commitment to environmental and social responsibility is evident through third-party certifications by the Sustainable Forestry Initiative® (SFI®) and the Forest Stewardship Council® (FSC®).
The wood products segment focuses on manufacturing and distributing lumber, plywood, and other wood products. The company operates six sawmills and an industrial-grade plywood mill, ensuring a steady supply chain for their diverse customer base.
In the real estate segment, PotlatchDeltic engages in residential and commercial real estate development, as well as a rural timberland sales program. This segment also covers sales generated from company-owned timberlands.
PotlatchDeltic’s recent achievements include successful third-party re-certifications for sustainable forestry and the introduction of innovative practices like using drones for herbicide application. Their continuous performance improvement strategy and employee development programs ensure a skilled and motivated workforce.
The company also actively engages with local communities by allowing public recreational access to their timberlands, promoting outdoor activities like hunting, fishing, and camping. This not only underscores their commitment to social responsibility but also strengthens community ties.
Financially, PotlatchDeltic remains robust, with the timberlands and wood products segments driving the majority of the revenue. Their focus on sustainable practices and strategic investments positions them well for future growth and stability.
PotlatchDeltic Corporation (NASDAQ: PCH) announced the tax treatment for its 2021 dividend distributions totaling $5.67 per share. The breakdown includes 68.25% as capital gains, 3.11% as qualified dividends, and 28.63% as non-dividend distributions. Key dates include the record date of March 5, 2021 and payment dates ranging from March 31 to December 31, 2021. Shareholders are advised to consult tax advisors for specific treatment of these distributions, which may impact their tax filings.
PotlatchDeltic Corporation (Nasdaq: PCH) is set to release its fourth quarter earnings on January 31, after market close. A live conference call is scheduled for February 1 at 9:00 a.m. PT to discuss the results. Investors can access the call via webcast or by phone. The company manages around 1.8 million acres of timberlands across several states and operates various facilities, including sawmills and a plywood mill, while prioritizing environmental responsibility.
PotlatchDeltic Corporation (PCH) has announced a merger with Loutre Land and Timber Company, acquiring 51,340 acres of timberland in Arkansas and Louisiana. In the transaction, PotlatchDeltic issued 1.96 million shares and assumed $6.6 million in debt. The timberlands feature an average age of over 40 years and are expected to generate annual EBITDDA of $8.5 million with capital expenditures of $600,000 over the next decade. This acquisition is anticipated to enhance PotlatchDeltic's cash flow and support sustainable dividend growth.
PotlatchDeltic Corporation (Nasdaq: PCH) has elected Anne L. Alonzo to its Board of Directors, effective immediately. Alonzo brings extensive experience in ESG, agricultural sustainability, and public affairs, having previously served as Senior VP and Chief Sustainability Officer at Corteva Agriscience and as CEO of the American Egg Board. PotlatchDeltic's President and CEO, Eric J. Cremers, expressed confidence in Alonzo's ability to contribute to the company's growth strategy and enhance shareholder value. Alonzo holds an Executive M.B.A., a J.D., and is affiliated with multiple corporate boards.
PotlatchDeltic Corporation (NASDAQ: PCH) declared a special dividend of
PotlatchDeltic Corporation (Nasdaq: PCH) reported a net income of $65.7 million, or $0.97 per diluted share, on revenues of $287.3 million for Q3 2021. Adjusted Net Income stood at $62.4 million, or $0.92 per diluted share, excluding insurance gains. Comparatively, Q3 2020 net income was $81.0 million. EBITDDA for the quarter was $107.2 million with a margin of 37%. Despite a decrease in lumber prices, the company expects favorable housing fundamentals and plans to issue a special dividend of $3 to $5 per share in December.
PotlatchDeltic Corporation (NASDAQ: PCH) will announce its third quarter earnings on October 25 after market closure. A live conference call and webcast is scheduled for October 26 at 9:00 a.m. PT to discuss the results. Investors can access the call via the company's website or by phone. A replay will be available until November 3. PotlatchDeltic operates around 1.8 million acres of timberland across the southeastern and midwestern United States, along with sawmills and real estate development operations.
PotlatchDeltic Corporation (Nasdaq: PCH) has lifted a temporary motorized vehicle ban on its Idaho timberlands due to reduced fire risk following recent rainfall and cooler temperatures. Effective September 20, motorized recreational vehicle use is allowed except on Bingo Creek Road, which remains temporarily restricted in collaboration with the Idaho Department of Lands. Campfires are permitted at leased campsites, while other areas remain banned until the open burning season starts on October 20. The company emphasizes the importance of fire safety for visitors.
The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has declared a quarterly distribution of
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