Catchmark Timber Trust (CTT) Declares $0.135 Quarterly Dividend; 4.6% Yield
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CatchMark Reports First Quarter 2017 Results and Declares Dividend
May 4, 2017 4:02 PM EDTATLANTA, May 4, 2017 /PRNewswire/ -- In line with expectations, CatchMark Timber Trust, Inc. (NYSE: CTT) reported lower revenue, an increase in GAAP net loss, and a decrease in Adjusted EBITDA for the quarter ended March 31, 2017 compared to the three-month period ending March 31, 2016. A decrease in year-over-year harvest volumes and timber sales revenue resulted from the company's decision in first quarter 2016 to take advantage of then-favorable market pricing opportunities to accelerate the realization of planned harvest volumes for the year and increase timber sales during the quarter. Those conditions did not... More
