LONDON, UK / ACCESSWIRE / March 05, 2018 / Active-Investors has a free review on PotlatchDeltic Corp. (NASDAQ: PCH) following the Company's announcement that it will begin trading ex-dividend on March 06, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PCH:
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On February 16, 2018, PotlatchDeltic's Board of Directors declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable March 30, 2018, to stockholders of record on March 07, 2018.
PotlatchDeltic's indicated dividend represents a yield of 3.13%, which is substantially higher than to the average dividend yield of 1.82% for the Consumer Goods sector.
PotlatchDeltic has a dividend payout ratio of 53.9%, which denotes that the Company spends approximately $0.54 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, PotlatchDeltic is forecasted to report earnings of $2.81 for the next year, which is considerably above the Company's annualized dividend of $1.60 per share.
As of December 31, 2017, PotlatchDeltic's cash and cash equivalents totaled $120.46 million compared to $82.58 million as on December 31, 2016. For the year ended December 31, 2017, the Company's net cash flows provided by operating activities came at $162.66 million compared to $102.18 million for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for PotlatchDeltic
On February 20, 2018, PotlatchDeltic announced the successful completion of the merger of Potlatch Corporation with Deltic Timber Corporation in an all-stock transaction, creating a leading domestic timberland owner and top-tier wood products manufacturer.
The combined company has changed its name to PotlatchDeltic Corporation and its shares will trade on the NASDAQ Stock Market under the ticker "PCH".
Together, the combined Company has a timberland portfolio of nearly 2 million acres, with approximately 1.1 million acres in the US South, 600,000 acres in Idaho, and 150,000 acres in Minnesota. The Company operates eight wood products manufacturing facilities, including six lumber manufacturing facilities, one medium density fiberboard ("MDF") facility and one industrial plywood mill.
In accordance with the terms of the merger agreement, each outstanding share of Deltic Timber's common stock immediately prior to the merger converted to the right to receive 1.80 shares of PotlatchDeltic's common stock. In total, approximately 22 million common shares of PotlatchDeltic will be issued to Deltic Timber's shareholders, representing approximately 35% of total shares of outstanding.
Stock Performance Snapshot
March 02, 2018 - At Friday's closing bell, PotlatchDeltic's stock rose 3.28%, ending the trading session at $51.90.
Volume traded for the day: 773.57 thousand shares, which was above the 3-month average volume of 671.76 thousand shares.
Stock performance in the last three-month – up 1.17%; previous six-month period – up 12.70%; past twelve-month period – up 16.76%; and year-to-date – up 4.01%
After last Friday's close, PotlatchDeltic's market cap was at $2.12 billion.
Price to Earnings (P/E) ratio was at 22.03.
The stock has a dividend yield of 3.08%.
The stock is part of the Industrial Goods sector, categorized under the Lumber, Wood Production industry. This sector was flat at the end of the session.
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