Potlatch Corp. directors have voted to increase common stock dividends. The board of the timber giant, which is moving its headquarters to downtown Spokane from northern California, voted Friday to increase the company’s cash dividend on common stock to $1.74 a year, compared to the current annual rate of $1.70.
The fourth quarter dividend is payable Dec. 1 to stockholders of record Nov. 12.
The timber company announced it would move its offices near San Francisco to Spokane in May. The move, to be completed early next month, is a homecoming of sorts for the paper and timber company that started 94 years ago in North Idaho.
The Chairman and Chief Financial Officer John Richards lives in Hayden Lake. So does board member Charles Weaver.