Potlatch Reduces Annual Dividend to $1.24 Per Year

Potlatch Corporation PCH today announced that its Board of Directors has reduced the Company's dividend to $1.24 per year or $0.31 per quarter. This reduction was made following the Company's presentation of its 2012 annual plan to its Board of Directors, which included management recommendations to reduce harvest levels to preserve the long-term value of its strategic timberland holdings. Together with this dividend reduction, the Board approved the Company's plan to temporarily reduce harvest levels by 15% to 3.5 million tons, until such time as log demand improves.