OTCPK:PCOGF - Post by User
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DartStockon Nov 10, 2012 2:01pm
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Dividend is factored as capital gain not income
Dividend is factored as capital gain not income Plum Creek Timber Company, Inc. (NYSE: PCL) announced a quarterly cash dividend of $0.42 per share. The dividend is payable on Nov. 30, 2012, to shareholders of record as of Nov. 16, 2012. 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.