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 2022 dividend distributions, totaling $2.72 per share, classified entirely as Capital Gain Distributions. Key distribution dates include:
- Record Date: 03/04/2022, Payable Date: 03/31/2022, Distribution: $0.44
- Record Date: 06/03/2022, Payable Date: 06/30/2022, Distribution: $0.44
- Record Date: 09/20/2022, Payable Date: 09/30/2022, Distribution: $0.44
- Record Date: 12/14/2022, Payable Date: 12/30/2022, Distribution: $0.45
- Record Date: 12/21/2022, Payable Date: 12/30/2022, Distribution: $0.95
Shareholders should consult tax advisors for specific treatment.
PotlatchDeltic Corporation (Nasdaq: PCH) has provided details on the tax treatment of CatchMark Timber Trust (NYSE: CTT) dividend distributions for 2022. CatchMark paid a total of $0.15 per share in cash dividends before its merger with PotlatchDeltic on September 14, 2022. The dividend breakdown includes payments of $0.075 on February 28 and May 31.
Investors are encouraged to review their 1099-DIV forms for accuracy and consult tax advisers as needed.
PotlatchDeltic Corporation (NASDAQ: PCH) is set to release its fourth quarter earnings on January 30, post-market close. A conference call will follow on January 31 at 9:00 a.m. PT. Investors can access the call via their website or by phone. The company, a leading Real Estate Investment Trust (REIT), manages nearly 2.2 million acres of timberland across seven states and operates sawmills and a real estate development business. Its commitment to sustainable forest management underlines its corporate responsibility.
PotlatchDeltic Corporation (Nasdaq: PCH) announced a significant commitment to sustainability by establishing a 2030 greenhouse gas (GHG) emissions reduction target of 42% for Scope 1 and Scope 2 emissions, alongside a 25% target for Scope 3 emissions based on a 2021 baseline. This initiative aligns with the Science Based Targets Initiative (SBTi) to limit global temperature increases. The company also aims for net-zero GHG emissions by 2050. These efforts reflect PotlatchDeltic's commitment to environmental responsibility and sustainable forest management.
The board of directors of PotlatchDeltic Corporation (PCH) declared a special dividend of $0.95 per share, payable on December 30, 2022, to stockholders of record on December 21, 2022. Additionally, a quarterly dividend of $0.45 per share has been declared, marking a 2.3% increase from the prior dividend of $0.44, payable the same day to stockholders of record on December 14, 2022. Eric Cremers, CEO, emphasized the importance of returning cash to shareholders and noted a 45% increase in regular dividends since 2012.
PotlatchDeltic Corporation (Nasdaq: PCH) reported third-quarter 2022 net income of $46.0 million, or $0.64 per diluted share, with revenues of $306.7 million. Adjusted net income, excluding special items, was $53.2 million, or $0.74 per share. The merger with CatchMark was successfully completed, leading to $21 million in expected synergies. Total Adjusted EBITDDA was $101.1 million, with a margin of 33%. Financial highlights include strong liquidity at $773 million and increased timberland ownership contributing to stable cash flows.
PotlatchDeltic Corporation (Nasdaq: PCH) will announce its third quarter earnings on October 24, after market close. A live conference call and webcast will take place on October 25 at 9:00 AM PT to discuss the results. Investors can access the webcast via www.potlatchdeltic.com or by calling 1-888-510-2008 (U.S.) or 1-646-960-0306 (international).
Replay of the call will be available until November 1, 2022.
PotlatchDeltic Corporation (NASDAQ: PCH) has released its inaugural Carbon and Climate Report, showcasing its significant carbon negative status as its net carbon removals and storage for 2021 exceed greenhouse gas emissions. This report also examines the potential impacts of climate change on its timberlands in Idaho and the Gulf South. The company aims to proactively address climate-related challenges and is committed to exploring greenhouse gas reduction strategies, as stated by Vice President Anna Torma.
PotlatchDeltic Corporation (NASDAQ: PCH) has successfully completed its merger with CatchMark Timber Trust in an all-stock transaction, enhancing its position as a leading integrated timber REIT. Post-merger, PotlatchDeltic now owns nearly 2.2 million acres of diversified timberlands, with significant holdings in Idaho and the U.S. South. The merger is expected to create synergies and improve shareholder value. Approximately 11.5 million shares of PotlatchDeltic common stock will be issued to CatchMark shareholders, equating to about 14% of total shares outstanding.
PotlatchDeltic Corporation (Nasdaq: PCH) has announced a new $200 million share repurchase program, replacing the previous $100 million program initiated in August 2018. This move underscores the Board's confidence in the company's ability to generate strong cash flows and a commitment to enhancing shareholder value. The company's strategy includes returning cash to shareholders through opportunistic buybacks, showcasing its focus on capital allocation and long-term growth.
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