Feb 17, 2010. /Lesprom Network/. The Board of Directors of Potlatch Corporation has declared a quarterly distribution on the company's common stock. The distribution of $0.51 per share is payable March 26, 2010, to stockholders of record on March 5, 2010, company said in a statement received by Lesprom Network. Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.6 million acres of timberland in Arkansas, Idaho, Minnesota and Wisconsin. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary.