Dec 03, 2010. /Lesprom Network/. The board of directors of Potlatch Corporation has declared a quarterly distribution on the сompany's common stock. The distribution of $0.51 per share is payable December 27, 2010 to stockholders of record on December 13, 2010. Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.5 million acres of timberland in Arkansas, Idaho, and Minnesota.. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary.