|Bid||34.97 x 1800|
|Ask||36.04 x 900|
|Day's Range||35.20 - 36.23|
|52 Week Range||22.25 - 38.98|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||219.07|
|Forward Dividend & Yield||1.08 (2.98%)|
|Ex-Dividend Date||Jun 15, 2021|
|1y Target Est||N/A|
The demand has shown no sign of ebbing and trees take time to grow, so the supply side will keep lumber costs high for a while. On top of that, the rise in lumber costs may likely rise because the U.S. Commerce Department last week said it would like to increase tariffs on Canadian lumber from 9% to 18.32%. PotlatchDeltic just raised its dividend in December by 2.5% to $0.41 per share.
Alpine's (PINE) new term loan will provide it additional capital to pay an outstanding amount under its unsecured revolving credit facility and fund acquisition.
Myles Udland, Brian Sozzi, and Julie Hyman speak with John Duncanson, executive VP of Corton Capital Inc. and analyst on the Corton Global Timber Fund, about the rising costs of lumber due to the shortage in supply and high demand across the nation.