Potlatch Corporation (PCH) will raise its quarterly dividend to $0.40 per share.

The new dividend is payable December 29, 2017 to stockholders of record on December 8, 2017.  

“The accretive merger with Deltic announced this morning as well as the strength of our northern Resource business and the favorable outlook for continued financial and operational success have enabled us to increase our quarterly dividend,” said Mike Covey, chairman and chief executive officer. “We are committed to returning capital to shareholders and sustainably growing the dividend over the long term.”

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 has timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi.