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Pope Resources Keeps Distribution Steady at $0.45

Has made a distribution every quarter since mid-2002.

By Rich Duprey – May 9, 2013 at 12:02PM EST

Timberland manager Pope Resources (POPE +0.00%) announced today it would be paying its second-quarter distribution of $0.45 per unit, the same rate it paid for the last four quarters after it raised the payout  from $0.35 per unit.

The board of directors said the quarterly distribution is payable on June 14 to the holders of record at the close of business on May 29.

Pope has made a distribution virtually every quarter since 1997 and before that it made annual distributions for five straight years. No distributions were made in the first or second quarters of 2002 or for the full year of 2001. 

The regular distribution payment equates to a $1.80-per-share annual dividend yielding 2.9% based on the closing price of Pope Resources' stock on May 8.

POPE Dividend Chart

POPE Dividend data by YCharts.

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About the Author

Rich Duprey
Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Stocks Mentioned

Pope Resources Stock Quote
Pope Resources
NASDAQ: POPE
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