PotlatchDeltic Board Declares Distribution on Common Stock

Rhea-AI Summary

PotlatchDeltic (Nasdaq: PCH) announced that its board of directors has declared a quarterly distribution of $0.45 per share on the company's common stock. The distribution will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.

Positive

• Maintains consistent quarterly dividend distribution of $0.45 per share

Negative

• None.

Insights

Financial Analyst

This routine quarterly dividend announcement from PotlatchDeltic maintains their $0.45 per share payout, demonstrating stability in their shareholder return policy. With a market cap of $3.43 billion, this translates to an annual dividend yield of approximately 4.2%, which is relatively attractive in the REIT and timber sector. The consistent dividend policy suggests healthy cash flow generation from their timberland and wood products operations, though this particular announcement doesn't signal any change in company strategy or financial position.

SPOKANE, Wash.--(BUSINESS WIRE)-- The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable December 31, 2024 to stockholders of record on December 16, 2024.

About PotlatchDeltic

PotlatchDeltic (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 sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241206459758/en/

(Investors)

Wayne Wasechek

509-835-1521

(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What is PotlatchDeltic's (PCH) dividend payment for Q4 2024?

PotlatchDeltic (PCH) will pay a quarterly dividend of $0.45 per share on December 31, 2024.

When is the record date for PotlatchDeltic's (PCH) Q4 2024 dividend?

The record date for PotlatchDeltic's Q4 2024 dividend is December 16, 2024.

When will PotlatchDeltic (PCH) pay its next dividend?

PotlatchDeltic will pay its next dividend on December 31, 2024, to shareholders of record as of December 16, 2024.