Rayonier - RYN STOCK NEWS

Rayonier (NYSE:RYN) has announced its first quarter 2025 dividend of $0.2725 per common share, payable on March 31, 2025, to shareholders of record on March 17, 2025. This represents a 4.4% reduction from the previous $0.285 per share dividend. The adjustment reflects the impact of 7.6 million additional shares issued as part of the company's recent special dividend.

The total shares and units outstanding increased by 5.1% from 150.5 million to 158.2 million following the special dividend distribution. Despite the per-share dividend reduction, the aggregate quarterly dividend payment will increase by 0.5% to $43.1 million. The company's operating partnership, Rayonier L.P., will also distribute $0.2725 per unit to unitholders of record on March 17, 2025.

Rayonier (NYSE:RYN) reported strong Q4 2024 results with net income of $327.1 million ($2.15 per share) and Adjusted EBITDA of $115.1 million. Full-year net income reached $359.1 million ($2.39 per share) with Adjusted EBITDA of $298.8 million.

The company completed $495 million of Large Dispositions in Q4 and has returned over $110 million to shareholders through special dividends and share repurchases. Rayonier's Land-Based Solution business showed significant growth, with year-end pipeline reaching ~39,000 acres under solar option and ~154,000 acres under carbon capture and storage lease.

Q4 operating income was $346.2 million, with strong performance in Southern Timber ($18.0M), New Zealand Timber ($14.2M), and Real Estate ($326.1M) segments. The company repurchased 488,000 shares at an average price of $30.10 per share in Q4. For 2025, Rayonier projects net income of $79-100 million and Adjusted EBITDA of $270-300 million.

Rayonier (NYSE:RYN) has announced the tax treatment of its 2024 dividend distributions on Common Stock. The company's total dividends for 2024 amount to $2.94 per share, distributed across five payments: four quarterly payments of $0.285 each (March, June, September, and December 2024) and a special dividend of $1.80 paid on January 30, 2025.

For income tax purposes, 100% of the dividend distributions are classified as Capital Gain Distribution, with 0% as Non-dividend Distribution. All payments qualify as Section 897 Capital Gain. The company advises shareholders to consult with tax advisers regarding their specific tax treatment of these dividends, noting that the 2024 tax treatment should not be considered indicative of future dividend tax treatments.

Rayonier (NYSE:RYN) has announced the results of shareholder elections for its special dividend of $1.80 per common share, to be paid on January 30, 2025, to shareholders of record on December 12, 2024. The dividend will consist of approximately $67 million in cash and 7.6 million common shares.

The share component was calculated at $26.5116 per share, based on volume-weighted average trading prices. Shareholders who made no election will receive $0.45 per share in cash and $1.35 in shares. Those who elected all-shares will receive the full dividend in shares, while those who elected all-cash will receive $0.61333416 per share in cash and $1.18666584 in shares. Operating partnership unit holders will receive $0.45 per unit in cash and $1.35 in operating partnership units.

Rayonier Inc. (NYSE:RYN) has announced it will release its fourth quarter 2024 earnings after market close on Wednesday, February 5, 2025. The company will host a conference call and live audio webcast on Thursday, February 6 at 10:00 a.m. (ET) to discuss the results.

Investors can access the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international) using the passcode RAYONIER. Supplemental materials and the live webcast will be available on the company's website. A replay will be accessible until March 7, 2025, via phone at 800-876-5258 (domestic) or 203-369-3998 (international) using passcode 4080.

Rayonier (NYSE:RYN) has signed an underground pore space easement agreement with Reliant Carbon Capture & Storage covering approximately 104,000 acres in Alabama. The agreement aims to support carbon capture and storage initiatives, with Reliant specializing in capturing CO2 emissions from power plants and industrial facilities for safe sequestration in subsurface geologic formations.

Reliant is currently completing a front-end engineering design report for a power generating station in the area. This agreement aligns with Rayonier's land-based solutions strategy, positioning the company to benefit from the transition to a low-carbon economy. The partnership aims to develop a large-scale sequestration hub to help decarbonize heavy industry in the region.

Rayonier has awarded $144,125 in grants to 46 organizations serving Nassau County and North Florida through its Community Fund. The grants will support programs focused on education, environmental conservation, cultural enrichment, civic engagement, and health and human services.

The company celebrated the grant recipients at an annual awards breakfast at FSCJ Betty P. Cook Nassau Center, attended by local leaders including county commissioners, law enforcement officials, and education representatives. Among the beneficiaries, Take Stock in Children will use the funding to provide four-year university scholarships for underserved children in Nassau County.

Rayonier (NYSE:RYN) has announced a new $300 million share repurchase authorization, replacing its existing $100 million program. The repurchases can be executed through open market or private transactions, with no time limit and flexibility for suspension. CEO Mark McHugh emphasized the program reflects confidence in the company's underlying net asset value amid a disconnect between public and private timberland values. The company reports approximately 148.5 million common shares and 2.0 million operating partnership units outstanding as of November 29, 2024.

Rayonier (NYSE:RYN) has declared a one-time special dividend of $1.80 per common share, payable on January 30, 2025, to shareholders of record on December 12, 2024. The dividend will be distributed as 25% cash and 75% common shares, following $495 million in timberland dispositions completed in Q4. Shareholders can elect to receive the dividend all in cash or all in shares, with a minimum cash payment of $0.45 per share for those electing cash. The number of shares issued will be calculated based on the volume-weighted average trading prices during January 17-22, 2025.