Notable News to Watch: Pope Resources (NASDAQ:POPE)

On Monday Pope Resources (NASDAQ:POPE) stock recorded daily change of -1.23% to close at $80 with the total traded volume of 5719 shares along average volume of 2358 shares 52 week range of the stock remained $ 62.5 – 87 while its day low price was $80 and its hit its day high price at $83.1. Its previous closing value stands at $81. POPE total market capitalization is $348394591. Currently stocks EPS is $1.52 while its price to earnings ratio is 52.57

On Nov. 11, 2019, Pope Resources (NASDAQ:POPE) released a quarterly distribution of $1.00 per unit, effective for unitholders of record on December 2, 2019 and payable on December 16, 2019.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of Pope Resources’ distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Pope Resources’ distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax result.

About Pope Resources

Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own and manage 120,000 acres of timberland and 2,000 acres of development property in Washington. In addition, Pope Resources co-invests in and consolidates three private equity timber funds that own 141,000 acres of timberland in Washington, Oregon, and California. The Partnership and its predecessor companies have owned and managed timberlands and development properties for over 165 years.

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