PotlatchDeltic Announces Tax Treatment for 2020 Dividend Distributions

Rhea-AI Summary

PotlatchDeltic Corporation (NASDAQ: PCH) has announced the tax treatment for its 2020 dividend distributions, totaling $1.61 per share, all of which are classified as 100% Capital Gain Distributions. Shareholders will receive distributions of $0.40 per share for the first three quarters and $0.41 for the fourth quarter. The record and payable dates for these dividends range from March 6 to December 15, 2020. Shareholders are advised to consult tax professionals for specific tax implications.

Positive

• Total dividend amount of $1.61 per share classified as 100% Capital Gain Distributions.
• Consistent quarterly dividends of $0.40 with a slight increase to $0.41 in the last quarter.

Negative

• None.

PotlatchDeltic Corporation (NASDAQ: PCH) announced today the tax treatment for its dividend distributions made in 2020 on the company’s Common Stock. The dividend distributions of $1.61 per share are classified for income tax purposes as 100% Capital Gain Distributions (long-term 20% rate).

The table below summarizes the income tax treatment of the company’s 2020 dividends:

2020 Dividend Tax Reporting Information (Form 1099-DIV)

PotlatchDeltic Corporation Common Stock: PCH

CUSIP# 737630103

Record Date	Payable Date	Distribution Per Share	Capital Gain
03/06/2020	03/31/2020	$0.40	$0.40
06/05/2020	06/30/2020	$0.40	$0.40
09/15/2020	09/30/2020	$0.40	$0.40
12/15/2020	12/31/2020	$0.41	$0.41
	Total	$1.61	$1.61

Shareholders are encouraged to consult with their tax advisors as to their specific treatment of PotlatchDeltic distributions.

About PotlatchDeltic

PotlatchDeltic Corporation (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland land sales program. PotlatchDeltic, a leader in sustainable forest practices, is dedicated to long-term stewardship and sustainable management of its timber resources. More information can be found at www.potlatchdeltic.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210115005549/en/

FAQ

What is the total dividend distribution for PCH in 2020?

PotlatchDeltic Corporation distributed a total of $1.61 per share in dividends for 2020.

What is the tax treatment of PotlatchDeltic's dividends?

The dividend distributions are classified as 100% Capital Gain Distributions.

When were the dividends payable for PCH in 2020?

The dividends were payable on various dates from March 31 to December 31, 2020.

How much was the dividend per share for each quarter in 2020?

Dividends were $0.40 for the first three quarters and $0.41 for the fourth quarter.

Should shareholders consult a tax advisor regarding PCH dividends?

Yes, shareholders are encouraged to consult their tax advisors for specific treatment of PotlatchDeltic distributions.