Pope Resources Announces 29% Increase In Quarterly Distribution to $0.45
Pope Resources (NASDAQ: POPE) announced today a quarterly distribution of $0.45 per unit, effective for unitholders of record on June 15, 2012 and payable on June 29, 2012. This represents a $0.10, or 29%, increase from the prior quarterly distribution of $0.35 per unit. "We are pleased to announce this increase in our distribution payout, which recognizes confidence in our cash flow generating capabilities and the continued improvement in all of our markets," said David L. Nunes, President and CEO.
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