Jan 10, 2012. /Lesprom Network/. Plum Creek Timber Company, Inc. announced the tax treatment for dividend distributions made in 2011 on its Common Stock. For shareholders of Plum Creek Timber Company, Inc. stock, the total dividend distribution of $1.68 per share is classified for income tax purposes as Capital Gain Distribution, taxed at a maximum rate of 15%. Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 6.7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest.