Plum Creek Timber Company, Inc. (NYSE: PCL) today announced a quarterly
cash dividend of $0.42 per share. The dividend is payable on May 31,
2012, to shareholders of record as of May 18, 2012. Plum Creek's
dividend is expected to be characterized as long-term capital gain
income primarily because the income generated by the sale of Plum
Creek's timber is considered long-term capital gain. As such, Plum
Creek's dividend is expected to be taxed at a maximum rate of 15 percent
for most U.S. taxpayers.
Plum Creek is the largest and most geographically diverse private
landowner in the nation with approximately 6.6 million acres of
timberlands in major timber producing regions of the United States and
wood products manufacturing facilities in the Northwest. For more
information, visit www.plumcreek.com.
Plum Creek Timber Company, Inc.
Investors: John Hobbs,
Media: Kathy Budinick, 1-888-467-3751