Plum Creek Legacy News Releases
Plum Creek Timber Company, Inc. Increases Quarterly Dividend 5 Percent to $0.44 per Share
May 7, 2013
“Paying a reliable and attractive dividend to our shareholders is one of the most direct and transparent means we have of delivering shareholder value,” said
Plum Creek’s dividend is expected to be characterized as long-term capital gain income primarily because the income generated by the sale of Plum Creek’s timber is considered long-term capital gain. As such, Plum Creek’s dividend is expected to be taxed at a maximum capital gain rate of 20 percent for most U.S. taxpayers.
Plum Creek is among the largest and most geographically diverse private landowners in the nation with approximately 6.3 million acres of timberlands in major timber producing regions of
Forward Looking Statements
This press release contains forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words such as “expects”, “expectations” and “continued”, or other comparable terminology. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those described in the forward-looking statements. Some of these factors include, but are not limited to: changes in economic conditions and competition in our domestic and export markets; an unanticipated reduction in the demand for timber products and/or an unanticipated increase in the supply of timber products; changes in governmental, legislative and environmental restrictions; catastrophic losses from fires, floods, windstorms, earthquakes, volcanic eruptions, insect infestations or diseases; our failure to qualify as a REIT or our failure to achieve the expected competitive advantages of operating as a REIT; our failure to make strategic acquisitions or to integrate any such acquisitions effectively or, conversely, our failure to make strategic divestitures; and other factors described from time to time in our filings with the
Source:
Plum Creek Timber Company, Inc.
Investors:
John Hobbs, 1-800-858-5347
or
Media:
Kate Tate, 1-888-467-3751