Spokand, Washington, USA, 18 May 2007 --(BUSINESS WIRE)-- The board of directors of Potlatch Corporation (NYSE:PCH) has declared a quarterly distribution on the company's common stock. The distribution of USD 0.49 per share is payable 15 June 2007, to stockholders of record on 30 May 2007.
Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.5 million acres of forestland in Arkansas, Idaho, Minnesota, and Wisconsin. Through its taxable REIT subsidiary, the company also operates 13 manufacturing facilities that produce lumber and panel products and bleached pulp products, including paperboard and tissue. The company also conducts a land sales and development business through its taxable REIT subsidiary. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its resources.