PotlatchDeltic Corporation (PCH) will pay a special cash dividend of $3.54 per share in 2018. The regular quarterly dividend is $0.40 per share.

The special dividend is payable on November 15, 2018, to stockholders of record on September 27, 2018. The regular dividend yields 3.3% at a stock price of $48.30.

The special dividend amount equals the Company’s determination of the accumulated earnings and profits of Deltic Timber Corporation as of February 20, 2018, the date Deltic merged into a wholly-owned subsidiary of PotlatchDeltic, and must be distributed by the Company prior to year-end in order to maintain the Company’s qualification as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. 

PotlatchDeltic 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.