Plum Creek Timber Company (PCL)
Plum Creek Timber Company (PCL) is a REIT in the timber business. They own and manage millions of acres in 18 states. Management for Plum Creek probably means more than you think. For starters, their timber business involves the sale of logs, lumber, plywood, fiberboard, and more.
In an effort to capture the maximum value for shareholders they also open up their lands for hunting and camping. Plum Creek sell assets found underground, including natural gas, oil, minerals, and stone. Finally, they engage in buying and selling properties in an effort to increase shareholder value.
At the current price of just under $34, the yield is almost 5%. That, together with a long history of regular dividends may help an investor to sleep at night.
It’s a fascinating company. Why not check out the Plum Creek web site, or see what Steve Sjuggerude has to say in DailyWealth about this one?