PotlatchDeltic announces tax treatment for 2023 dividend distributions; dividend distributions of US$1.80/share are US$1.3124 as capital gain distributions and $0.4876 as non-dividend distributions

Sample article from our Forestry & Timberland

January 17, 2024 (press release) –

 

January 17, 2024
 

PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for its dividend distributions made in 2023 on the company’s Common Stock. The dividend distributions of $1.80 per share are classified for income tax purposes as follows: $1.3124 (72.9%) of Capital Gain Distributions (long-term 20% rate) and $0.4876 (27.1%) as a Non-dividend Distribution (return of capital).

The table below summarizes the income tax treatment of the company’s 2023 dividends:
2023 Dividend Tax Reporting Information (Form 1099-DIV)
PotlatchDeltic Corporation Common Stock: PCH
CUSIP# 737630103

Record Date

Payable Date

Distribution Per Share

Capital Gain

Return of Capital

03/03/2023

03/31/2023

$0.45

$0.3281

$0.1219

06/02/2023

06/30/2023

$0.45

$0.3281

$0.1219

09/15/2023

09/29/2023

$0.45

$0.3281

$0.1219

12/15/2023

12/29/2023

$0.45

$0.3281

$0.1219

 

Total

$1.80

$1.3124

$0.4876

Shareholders are encouraged to consult with their tax advisors as to their specific treatment of PotlatchDeltic distributions.

About PotlatchDeltic

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland land sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.

(Investors)
Wayne Wasechek
509-835-1521

(Media)
Anna Torma
509-835-1558

Source: PotlatchDeltic Corporation

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Forestry & Timberland Coverage
See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order forestry & timberland coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.