Rayonier Announces Second Quarter 2021 Dividend

Rhea-AI Summary

Rayonier (NYSE:RYN) has declared a second quarter cash dividend of $0.27 per common share, set for payment on June 30, 2021, to shareholders of record by June 16, 2021. Additionally, a cash distribution of $0.27 per operating partnership unit has been announced, also payable on June 30, 2021. The company owns or leases approximately 2.7 million acres of timberlands in the U.S. South, U.S. Pacific Northwest, and New Zealand, solidifying its position as a leading timberland REIT.

Positive

• Declaration of a cash dividend of $0.27 per share, indicating company confidence and commitment to shareholders.
• Stable cash distribution of $0.27 per unit for operating partnership, reflecting consistent income for investors.

Negative

• None.

Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.27 per common share. The dividend is payable on June 30, 2021, to shareholders of record on June 16, 2021.

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 second quarter cash distribution of $0.27 per operating partnership unit. The cash distribution is payable on June 30, 2021 to holders of record on June 16, 2021.

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 March 31, 2021, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.75 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a “look-through basis”, the Company’s ownership in the timber fund business equates to approximately 17,000 acres. More information is available at www.rayonier.com.

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FAQ

When is Rayonier's dividend payment date?

Rayonier's dividend payment date is June 30, 2021.

What is the amount of Rayonier's second quarter dividend?

The second quarter cash dividend declared by Rayonier is $0.27 per common share.

Who qualifies for the Rayonier dividend?

Shareholders of record on June 16, 2021, qualify for the Rayonier dividend.

What is the cash distribution amount for Rayonier's operating partnership?

The cash distribution amount for Rayonier's operating partnership is $0.27 per unit.