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Stock impact report

PotlatchDeltic Board Declares Quarterly Distribution on Common Stock and Special Dividend

PotlatchDeltic Corporation (PCH) 
Last potlatchdeltic corporation earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
SPOKANE, Wash., Aug. 30, 2018 (GLOBE NEWSWIRE) -- The board of directors (“Board”) of PotlatchDeltic Corporation (NASDAQ: PCH) has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable September 28, 2018 to stockholders of record on September 14, 2018.  The Board also approved a special dividend on PotlatchDeltic’s common stock of approximately $222 million, or $3.54 per share based upon the number of shares currently outstanding. The special dividend amount equals the Company’s determination of the accumulated earnings and profits of Deltic Timber Corporation as of February 20, 2018, the date Deltic merged into a wholly-owned subsidiary of PotlatchDeltic, and must be distributed by the Company prior to year-end in order to maintain the Company’s qualification as a real estate investment trust (“REIT”) for U.S. federal income tax purposes.  The special dividend is payable on November 15, 2018, to stockholders of record on Se Show less Read more
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