Plum Creek Timber Stock To Go Ex-dividend Tomorrow (PCL)

NEW YORK (TheStreet) -- The ex-dividend date for Plum Creek Timber Company (NYSE:PCL) is tomorrow, May 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $42.24 as of 9:32 a.m. ET, the dividend yield is 4%.

The average volume for Plum Creek Timber has been 1.1 million shares per day over the past 30 days. Plum Creek Timber has a market cap of $6.8 billion and is part of the financial sector and real estate industry. Shares are up 12.9% year to date as of the previous trading day's close.

Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company has a P/E ratio of 45.3, above the average real estate industry P/E ratio of 41.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Plum Creek Timber as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Plum Creek Timber Ratings Report.

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