Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.42 Per Share
SEATTLE--(BUSINESS WIRE)-- Plum Creek Timber Company, Inc. (NYS: PCL) today announced a quarterly cash dividend of $0.42 per share. The dividend is payable on March 1, 2013, to shareholders of record as of Feb. 15, 2013. 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 20 percent for most U.S. taxpayers.
Plum Creek is one of the largest landowners in the nation and the most geographically diverse, with approximately 6.4 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, 1-800-858-5347
Media: Kate Tate, 1-888-467-3751
KEYWORDS: United States North America Washington
The article Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.42 Per Share originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.