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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Potlatchdeltic Corp    PCH

POTLATCHDELTIC CORP (PCH)
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Potlatch Announces Tax Treatment for 2017 Dividend Distributions

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01/13/2018 | 12:01am CEST

Spokane, Wash., Jan. 12, 2018 (GLOBE NEWSWIRE) -- Potlatch Corporation (NASDAQ:PCH) announced today the tax treatment for its dividend distributions made in 2017 on the company’s Common Stock. The total dividend distributions of $1.525 per share are classified for income tax purposes as Capital Gain Distributions.

The table below summarizes the income tax treatment of the company’s 2017 dividends:

2017 Dividend Tax Reporting Information (Form 1099-DIV)
Potlatch Corporation Common Stock: PCH
CUSIP#   737630103

 March
Distribution
June
Distribution
September
Distribution
December
Distribution
 

Total
Capital Gain Distributions
(long-term 20% rate)
$0.375$0.375$0.375$0.400$1.525

Shareholders are encouraged to consult with their tax advisors regarding the tax treatment for their Potlatch distributions.

ABOUT POTLATCH
Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.4 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. For more information about the company, visit our website at www.potlatchcorp.com.

Contact: (Investors) (Media)
  Jerry Richards    Mark Benson
  509-835-1521 509-835-1513
     

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© GlobeNewswire 2018
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Financials ($)
Sales 2018 1 010 M
EBIT 2018 238 M
Net income 2018 150 M
Debt 2018 663 M
Yield 2018 5,01%
P/E ratio 2018 15,02
P/E ratio 2019 15,42
EV / Sales 2018 2,87x
EV / Sales 2019 2,66x
Capitalization 2 238 M
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Mean consensus HOLD
Number of Analysts 7
Average target price 51,6 $
Spread / Average Target 45%
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Managers
NameTitle
Michael J. Covey Chairman & Chief Executive Officer
Eric J. Cremers President, Chief Operating Officer & Director
Jerald W. Richards Chief Financial Officer, CAO & Vice President
John S. Moody Vice Chairman
Gregory L. Quesnel Independent Director
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