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PotlatchDeltic Board Declares Distribution on Common Stock

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PotlatchDeltic Corporation (PCH) announces a quarterly distribution of $0.45 per share payable on March 29, 2024, to stockholders of record on March 8, 2024.
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Insights

The announcement of PotlatchDeltic Corporation's quarterly distribution of $0.45 per share is a significant event for shareholders and potential investors. This distribution, commonly referred to as a dividend, represents a return on investment and is a key factor in the total shareholder return equation. The distribution amount and its consistency can be indicative of the company's current profitability and financial health, as well as management's confidence in future cash flows.

From a financial analysis perspective, it's important to consider the dividend yield, which is the dividend per share divided by the stock price. This metric helps investors understand the return they are getting for each dollar invested in the stock. A comparison of this yield with industry averages and treasury bonds can provide context on its attractiveness. Additionally, the payout ratio, or the proportion of earnings paid out as dividends, is a critical metric to assess sustainability. A payout ratio that is too high could signal potential cash flow issues, while a low ratio may indicate room for future dividend growth.

Dividend announcements often have implications for stock market performance, particularly for the company in question. Investors may view the declaration of dividends as a positive signal, suggesting that the company has a stable cash flow and is managing its resources effectively. This can lead to increased investor confidence and potentially a rise in the stock price. However, it's also essential to analyze the dividend coverage ratio, which measures a company's ability to pay its dividend using net income or cash flow. A low coverage ratio could be a red flag, indicating that dividends might not be sustainable in the long term without affecting the company's growth or debt levels.

Furthermore, the timing of the dividend in relation to the fiscal year-end and earnings reports can provide insights into the company's financial planning. For instance, if dividends are declared before year-end financial results, it may imply management's positive outlook on the company's performance.

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 March 29, 2024 to stockholders of record on March 8, 2024.

About PotlatchDeltic

PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 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.

(Investors)

Wayne Wasechek

509-835-1521



(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What is the quarterly distribution amount announced by PotlatchDeltic Corporation (PCH)?

PotlatchDeltic Corporation (PCH) declared a quarterly distribution of $0.45 per share.

When is the payment date for the quarterly distribution by PotlatchDeltic Corporation (PCH)?

The quarterly distribution of $0.45 per share by PotlatchDeltic Corporation (PCH) is payable on March 29, 2024.

Who are eligible to receive the quarterly distribution from PotlatchDeltic Corporation (PCH)?

Stockholders of record on March 8, 2024, are eligible to receive the quarterly distribution of $0.45 per share from PotlatchDeltic Corporation (PCH).

PotlatchDeltic Corporation

NASDAQ:PCH

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3.36B
76.78M
2.44%
89.89%
1.61%
REIT - Specialty
Paper Mills
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United States of America
SPOKANE