Aug 09, 2007. /Lesprom Network/. Pope Resources announced on August 9, 2007 a quarterly distribution of $0.40 per unit, effective for unitholders of record on September 4, 2007 and payable on September 18, 2007. This represents a $0.12, or 43%, increase from the prior quarterly distribution of $0.28 per unit. "We are pleased to announce this significant increase in our distribution payout, while at the same time assuring that we have adequate capital to facilitate the company's future growth," said David L. Nunes, president and CEO. Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage over 430 000 acres of timberland and development property in Washington and Oregon. In addition, we provide forestry consulting and timberland management services to third-party owners and managers of timberland in Washington, Oregon, and California. The company and its predecessor companies have owned and managed timberlands and development properties for more than 150 years.