Pope Resources (POPE) Plans Quarterly Dividend of $0.70
Pope Resources (NASDAQ:POPE) declared a quarterly dividend on Friday, November 3rd, RTT News reports. Stockholders of record on Wednesday, November 22nd will be paid a dividend of 0.70 per share by the construction company on Friday, December 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%.
Pope Resources (NASDAQ:POPE) last announced its earnings results on Friday, August 4th. The construction company reported $0.03 EPS for the quarter. Pope Resources had a return on equity of 7.36% and a net margin of 11.20%. The business had revenue of $15.89 million for the quarter.
In other Pope Resources news, VP Jonathan P. Rose sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $73.10, for a total transaction of $36,550.00. Following the completion of the sale, the vice president now owns 7,770 shares in the company, valued at approximately $567,987. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.20% of the stock is owned by company insiders.
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About Pope Resources
Pope Resources, A Delaware Limited Partnership is engaged primarily in managing timber resources on its own properties, as well as those owned by others. The Company operates through three business segments: Fee Timber, Timberland Management and Real Estate. The Fee Timber operations consisted of growing and harvesting timber from approximately 212,000 acres that the Company owned or co-owned with its timber fund investors as tree farms, as of December 31, 2016.
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