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REIT Reduces Dividend - RUN AWAY!!!!!

|Includes: Potlatch Corporation (Holding Company) (PCH)

Potlach (NASDAQ:PCH) just cut their dividend by a third in a surprise announcement this morning, and when an income trust reduces their yield by a third it's time to go.

Admittedly, they've been paying out more in dividends than they've been earning for a while, but do cut the immediate dividend down like that is a bad signal that they immediately needed to conserve cash.

They should have announced that they'll be reviewing the dividend policy the quarter before rather than just dumping this surprise on shareholders.

That's a sign of a management team that you don't want in your portfolio.