Pope Resources (POPE) Announces $0.70 Quarterly Dividend
Pope Resources (NASDAQ:POPE) announced a quarterly dividend on Monday, August 21st, RTT News reports. Stockholders of record on Tuesday, September 5th will be paid a dividend of 0.70 per share by the construction company on Tuesday, September 19th. This represents a $2.80 annualized dividend and a dividend yield of 4.00%.
Shares of Pope Resources (NASDAQ POPE) traded down 0.78% during mid-day trading on Monday, hitting $69.95. The stock had a trading volume of 1,313 shares. The stock has a 50 day moving average price of $73.11 and a 200 day moving average price of $71.69. The firm has a market cap of $302.67 million, a PE ratio of 30.43 and a beta of 0.27. Pope Resources has a 52 week low of $63.30 and a 52 week high of $79.50.
Pope Resources (NASDAQ:POPE) last posted its quarterly earnings results on Friday, August 4th. The construction company reported $0.03 EPS for the quarter. Pope Resources had a return on equity of 7.36% and a net margin of 11.20%. The company had revenue of $15.89 million during the quarter.
Pope Resources declared that its board has approved a share repurchase program on Tuesday, May 30th that allows the company to buyback $1.20 million in shares. This buyback authorization allows the construction company to buy up to 0.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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About Pope Resources
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.
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