Potlatch Corporation Announces Quarterly Dividend of $0.38 (PCH)
Potlatch Corporation (NASDAQ:PCH) announced a quarterly dividend on Thursday, August 31st, RTT News reports. Investors of record on Friday, September 15th will be paid a dividend of 0.375 per share by the real estate investment trust on Friday, September 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.26%.
Shares of Potlatch Corporation (PCH) traded up 3.58% during mid-day trading on Thursday, hitting $47.70. 229,376 shares of the company were exchanged. Potlatch Corporation has a 52 week low of $35.38 and a 52 week high of $49.00. The company has a 50 day moving average of $46.72 and a 200 day moving average of $45.71. The company has a market capitalization of $1.94 billion, a P/E ratio of 23.60 and a beta of 1.41.
A number of research firms have weighed in on PCH. BidaskClub upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Vertical Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price target on shares of Potlatch Corporation in a research report on Thursday, July 20th. Zacks Investment Research lowered shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of Potlatch Corporation in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.80.
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About Potlatch Corporation
Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.
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