NEW YORK ( TheStreet) -- The ex-dividend date for Potlatch Corp (Nasdaq: PCH) is tomorrow, June 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $36.42 as of 9:32 a.m. ET, the dividend yield is 5.7%. The average volume for Potlatch has been 226,300 shares per day over the past 30 days. Potlatch has a market cap of $1.4 billion and is part of the financial sector and real estate industry. Shares are up 10.4% year to date as of the close of trading on Friday. Potlatch Corporation operates as a real estate investment trust (REIT) that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States. The company has a P/E ratio of 31, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates Potlatch as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally poor debt management. You can view the full Potlatch Ratings Report. See our dividend calendar or top-yielding stocks list.