Plum Creek Declares Dividend - Analyst Blog
14 Maio 2012 - 7:45AM
Zacks
Plum Creek Timber Co.
(PCL), a Seattle-based timber real estate
investment trust (REIT), has recently declared a dividend of 42
cents per share for the first quarter of 2012. The dividend is
payable in cash on May 31, 2012, to the shareholders of record as
of May 18, 2012.
The revenue generated from sale of
Plum Creek’s timber is considered as a long-term gain and the
dividend payment is expected to be categorized as a long-term
capital income gain. In addition, for most of the U.S. taxpayers,
the dividend is projected to be taxable at a maximum rate of
15%.
A steady dividend payout reflects
the long-term strategy of Plum Creek to provide attractive
risk-adjusted returns to its stockholders. Investors looking for
high dividend yields are increasingly favoring REITs. Solid
dividend payouts are arguably the biggest enticement for REIT
investors as the U.S. law requires REITs to distribute 90% of their
annual taxable income in the form of dividends to shareholders.
Founded in 1989, Plum Creek is the
largest and most geographically diverse private landowner in the
United States. It owns approximately 6.6 million acres of
timberlands in major timber producing regions of the United States.
Additionally, the company also has interests in mineral extraction
and natural gas production, communication, and transportation.
The company also boasts a strong
and dedicated management team, which is one of the most respected
and accomplished in the industry. Plum Creek benefits from the
reputation and relationships of its key personnel with the industry
as a whole, which further help in attracting profitable business
and investment opportunities.
Plum creek is fully dedicated
toward its goal of extracting high quality natural resources
without hampering the environment, providing quality product and
services to customers and enhancing value of its shareholders
through effective capital allocations.
We maintain our long term ‘Neutral’
recommendation on Plum creek, which currently has a Zacks #3 Rank
that translates into a short-term ‘Hold’ rating. We have a long
term ‘Outperform’ recommendation and Zacks #1 Rank (Strong Buy) for
Rayonier Inc. (RYN), one of the
competitors of Plum Creek.
PLUM CREEK TMBR (PCL): Free Stock Analysis Report
RAYONIER INC (RYN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Rayonier (NYSE:RYN)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Rayonier (NYSE:RYN)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024