Rayonier Announces First Quarter 2023 Dividend

Rhea-AI Summary

Rayonier Inc. (NYSE:RYN) has declared a first quarter cash dividend of $0.285 per common share, payable on March 31, 2023, to shareholders on record as of March 17, 2023. Additionally, a cash distribution of $0.285 per operating partnership unit was announced, also payable on March 31, 2023, to holders of record on March 17, 2023. This reflects the company’s ongoing commitment to return value to shareholders. Rayonier is a leader in timberland real estate investment, with approximately 2.8 million acres of timberlands across regions in the U.S. and New Zealand as of December 31, 2022.

Positive

• Declared dividend of $0.285 per common share, reflecting strong cash flow.
• Continued commitment to returning value to shareholders.

Negative

• None.

WILDLIGHT, Fla.--(BUSINESS WIRE)-- Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.285 per common share. The dividend is payable on March 31, 2023, to shareholders of record on March 17, 2023.

The Company also announced today that the Company’s board of directors, in its capacity as the board of directors of the general partner of Rayonier, L.P., has declared a first quarter cash distribution of $0.285 per operating partnership unit. The cash distribution is payable on March 31, 2023, to holders of record on March 17, 2023.

About Rayonier

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2022, Rayonier owned or leased under long-term agreements approximately 2.8 million acres of timberlands located in the U.S. South (1.92 million acres), U.S. Pacific Northwest (474,000 acres) and New Zealand (417,000 acres). More information is available at www.rayonier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230216005490/en/

Investors: Collin Mings, investorrelations@rayonier.com, 904-357-9100

Media: Alejandro Barbero, alejandro.barbero@rayonier.com

Source: Rayonier Inc.

FAQ

What is the dividend amount declared by Rayonier (RYN) for Q1 2023?

Rayonier (RYN) has declared a dividend of $0.285 per common share for Q1 2023.

When will the dividend for Rayonier (RYN) be paid?

The dividend will be paid on March 31, 2023.

What is the record date for Rayonier's (RYN) dividend?

The record date for Rayonier's (RYN) dividend is March 17, 2023.

Is there a distribution for Rayonier, L.P. for Q1 2023?

Yes, Rayonier announced a cash distribution of $0.285 per operating partnership unit for Q1 2023.