Pope Resources A Delaware LP (POPE) to Issue $0.70 Quarterly Dividend

Pope Resources A Delaware LP (NASDAQ:POPE) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.70 per share by the construction company on Thursday, March 15th. This represents a $2.80 annualized dividend and a yield of 4.00%.

Pope Resources A Delaware (NASDAQ:POPE) opened at $70.00 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $291.86, a price-to-earnings ratio of 16.75 and a beta of 0.24. Pope Resources A Delaware has a twelve month low of $66.60 and a twelve month high of $79.50.

Pope Resources A Delaware declared that its Board of Directors has authorized a stock buyback plan on Thursday, December 7th that allows the company to repurchase $1.30 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In related news, Director Maria M. Pope acquired 26,045 shares of the stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $70.18 per share, with a total value of $1,827,838.10. Following the purchase, the director now directly owns 29,306 shares of the company’s stock, valued at $2,056,695.08. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.20% of the stock is owned by insiders.

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Pope Resources A Delaware Company Profile

Pope Resources, A Delaware Limited Partnership is engaged primarily in managing timber resources on its own properties, as well as those owned by others. The Company operates through three business segments: Fee Timber, Timberland Management and Real Estate. The Fee Timber operations consisted of growing and harvesting timber from approximately 212,000 acres that the Company owned or co-owned with its timber fund investors as tree farms, as of December 31, 2016.

Dividend History for Pope Resources A Delaware (NASDAQ:POPE)

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