NEW YORK ( TheStreet) -- The ex-dividend date for Potlatch Corp (Nasdaq: PCH) is tomorrow, September 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $31.27 as of 9:30 a.m. ET, the dividend yield is 6.7%.

The average volume for Potlatch has been 274,600 shares per day over the past 30 days. Potlatch has a market cap of $1.2 billion and is part of the financial sector and real estate industry. Shares are down 6.4% year to date as of the close of trading on Tuesday.

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 28, below the average real estate industry P/E ratio of 28.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Potlatch as a buy. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Potlatch Ratings Report.

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