Plum Creek Timber Company, Inc. (NYSE:PCL) today announced a quarterly
cash dividend of $0.42 per share. The dividend is payable on Aug. 29,
2008, to shareholders of record as of Aug. 15, 2008. 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 rate of 15 percent for
most U.S. taxpayers.
Plum Creek is the largest and most geographically diverse private
landowner in the nation with approximately 8 million acres of
timberlands in major timber producing regions of the United States and
10 wood products manufacturing facilities in the Northwest.
Plum Creek Timber Company, Inc.
Investors:
John Hobbs,
1-800-858-5347
or
Media:
Robin Keegan,
1-888-467-3751
