PotlatchDeltic Announces Tax Treatment for 2018 Dividend Distributions
SPOKANE, Wash.--(BUSINESS WIRE)--Jan 10, 2019--PotlatchDeltic Corporation (NASDAQ: PCH) announced today the tax treatment for its dividend distributions made in 2018 on the company’s Common Stock. The total dividend distributions of $5.13809258 per share are classified for income tax purposes as $1.60 of Capital Gain Distributions (long-term 20% rate) and $3.53809258 as Qualified Dividends from the special dividend paid to distribute Deltic Timber Corporation’s accumulated earnings and profits.
The table below summarizes the income tax treatment of the company’s 2018 dividends:
2018 Dividend Tax Reporting Information (Form 1099-DIV)
PotlatchDeltic Corporation Common Stock: PCH
Shareholders are encouraged to consult with their tax advisors as to their specific treatment of PotlatchDeltic distributions.
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest practices, is dedicated to long-term stewardship and sustainable management of its timber resources. More information can be found at www.potlatchdeltic.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005683/en/
KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON
INDUSTRY KEYWORD: NATURAL RESOURCES FOREST PRODUCTS REIT CONSTRUCTION & PROPERTY
SOURCE: PotlatchDeltic Corporation
Copyright Business Wire 2019.
PUB: 01/10/2019 02:56 PM/DISC: 01/10/2019 02:56 PM