Press release from Business Wire
Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.42 Per Share
Tuesday, August 03, 2010
Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.42 Per Share16:03 EDT Tuesday, August 03, 2010 SEATTLE (Business Wire) -- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced a quarterly cash dividend of $0.42 per share. The dividend is payable on Aug. 31, 2010, to shareholders of record as of Aug. 16, 2010. 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 15 percent for most U.S. taxpayers. Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 7 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.