NEW YORK ( TheStreet) -- The ex-dividend date for Potlatch Corp (Nasdaq: PCH) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $30.09 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Potlatch has been 341,300 shares per day over the past 30 days. Potlatch has a market cap of $1.21 billion and is part of the financial sector and real estate industry. Shares are down 5.6% 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 24, above the average real estate industry P/E ratio of 23.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Potlatch as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Potlatch Ratings Report.

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