PotlatchDeltic Announces Tax Treatment for 2024 Dividend Distributions

Rhea-AI Summary

PotlatchDeltic (PCH) has disclosed the tax treatment for its 2024 dividend distributions on Common Stock. The company distributed a total of $1.80 per share throughout 2024, paid in four equal quarterly installments of $0.45 per share. These distributions are classified as 100% Capital Gain Distributions for income tax purposes, subject to the long-term 20% rate.

The dividends were paid on the following dates: March 29, June 28, September 30, and December 31, 2024, with corresponding record dates of March 8, June 7, September 13, and December 16, 2024. The company notes that all capital gain dividends relate to IRC Section 1231 gains, with one-year and three-year amounts disclosures of $0.00 for holders of applicable partnership interests.

Positive

• Consistent quarterly dividend payments of $0.45 per share throughout 2024
• Total annual dividend distribution of $1.80 per share
• 100% qualified as capital gains, potentially offering tax advantages for investors

Negative

• None.

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for its dividend distributions made in 2024 on the company’s Common Stock (CUSIP# 737630103).

The dividend distributions, totaling $1.80 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 2024 dividends:

2024 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Distribution Per Share	Long-Term Capital Gain (1) 20% Rate
03/08/2024	03/29/2024	$0.45	$0.45
06/07/2024	06/28/2024	$0.45	$0.45
09/13/2024	09/30/2024	$0.45	$0.45
12/16/2024	12/31/2024	$0.45	$0.45
	Total	$1.80	$1.80

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

(1) Form 1099-DIV box 2a. Pursuant to Treas. Reg. § 1.1061-6(c), the one-year and three-year amounts disclosures are $0.00 with respect to direct and indirect holders of “applicable partnership interests,” as all capital gain dividends relate to IRC Section 1231 gains.

About PotlatchDeltic

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns over 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. 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 management, is committed to corporate responsibility. More information can be found at www.potlatchdeltic.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250117385031/en/

(Investors)

Wayne Wasechek

509-835-1521

(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What is the total dividend amount paid by PCH in 2024?

PotlatchDeltic (PCH) paid a total dividend of $1.80 per share in 2024.

How are PCH's 2024 dividends classified for tax purposes?

PCH's 2024 dividends are classified as 100% Capital Gain Distributions, subject to the long-term 20% rate.

What is the quarterly dividend payment schedule for PCH in 2024?

PCH paid quarterly dividends of $0.45 per share on March 29, June 28, September 30, and December 31, 2024.

What are the record dates for PCH's 2024 dividend payments?

The record dates were March 8, June 7, September 13, and December 16, 2024.

How does PCH's dividend tax treatment affect applicable partnership interest holders?

For holders of applicable partnership interests, the one-year and three-year amounts disclosures are $0.00, as all capital gain dividends relate to IRC Section 1231 gains.