Rayonier Announces Second Quarter 2023 Dividend

Rhea-AI Summary

Rayonier Inc. (NYSE:RYN) declares a second quarter cash dividend of $0.285 per common share and a cash distribution of $0.285 per operating partnership unit.

Positive

• Rayonier Inc. declares a second quarter cash dividend of $0.285 per common share.
• Rayonier Inc. declares a cash distribution of $0.285 per operating partnership unit.

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• None.

WILDLIGHT, Fla.--(BUSINESS WIRE)-- Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.285 per common share. The dividend is payable on June 30, 2023, to shareholders of record on June 16, 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 second quarter cash distribution of $0.285 per operating partnership unit. The cash distribution is payable on June 30, 2023, to holders of record on June 16, 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 March 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.8 million acres of timberlands located in the U.S. South (1.91 million acres), U.S. Pacific Northwest (474,000 acres) and New Zealand (419,000 acres). More information is available at www.rayonier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230517005607/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 declared by Rayonier Inc. for the second quarter?

Rayonier Inc. has declared a cash dividend of $0.285 per common share for the second quarter.

When will the dividend be payable?

The dividend will be payable on June 30, 2023.

Who are eligible for the dividend?

Shareholders of record on June 16, 2023, are eligible for the dividend.

What is the cash distribution declared by Rayonier Inc.?

Rayonier Inc. has declared a cash distribution of $0.285 per operating partnership unit for the second quarter.

When will the cash distribution be payable?

The cash distribution will be payable on June 30, 2023.

Who are eligible for the cash distribution?

Holders of record on June 16, 2023, are eligible for the cash distribution.