PotlatchDeltic Co. (NASDAQ:PCH) to Issue Quarterly Dividend of $0.45

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) declared a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.45 per share by the real estate investment trust on Monday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, March 7th.

PotlatchDeltic has increased its dividend payment by an average of 63.7% per year over the last three years. PotlatchDeltic has a dividend payout ratio of 155.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect PotlatchDeltic to earn $1.20 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 150.0%.

PotlatchDeltic Trading Down 0.3 %

PCH stock traded down $0.15 during trading on Tuesday, hitting $44.64. 405,428 shares of the company traded hands, compared to its average volume of 443,360. The company has a 50-day moving average of $41.65 and a 200-day moving average of $42.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $47.65. The firm has a market capitalization of $3.52 billion, a PE ratio of 159.43 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. Analysts predict that PotlatchDeltic will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of research analyst reports. BMO Capital Markets upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a report on Friday, December 6th. Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a report on Monday, January 6th. Citigroup dropped their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, DA Davidson reaffirmed a "buy" rating and issued a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.57.

About PotlatchDeltic

PotlatchDeltic Corporation Nasdaq: PCH is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.