PotlatchDeltic Corporation (NASDAQ:PCH) announced today that its Board of Directors approved a new $200 million share repurchase program. This program replaces the existing $100 million share repurchase program authorized in August 2018.
“Returning cash to our shareholders through opportunistic share repurchases remains an important part of our capital allocation strategy,” said Jerry Richards, vice president and chief financial officer. “Today’s announcement reflects our Board’s confidence in our ability to continue generating robust cash flows, as well as our commitment to growing shareholder value over the long term,” stated Mr. Richards.
