Rayonier Announces Second Quarter 2024 Dividend

Rhea-AI Summary

Rayonier (NYSE:RYN) announced a second quarter cash dividend of $0.285 per common share, payable on June 28, 2024, to shareholders of record on June 14, 2024.

The board also declared a second quarter cash distribution of $0.285 per operating partnership unit, payable on the same dates. This consistent dividend distribution underscores the company's commitment to providing value to its investors.

Positive

• Rayonier declared a second quarter cash dividend of $0.285 per common share.
• The dividend is payable on June 28, 2024.
• Record date for the dividend is June 14, 2024.
• Cash distribution of $0.285 per operating partnership unit also announced.
• Consistent dividend payments indicate stability and shareholder value.

Negative

• No increase in dividend amount compared to previous quarters.

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 28, 2024, to shareholders of record on June 14, 2024.

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 28, 2024, to holders of record on June 14, 2024.

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, 2024, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.85 million acres), U.S. Pacific Northwest (418,000 acres) and New Zealand (422,000 acres). More information is available at www.rayonier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514788177/en/

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

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

Source: Rayonier Inc.

FAQ

What is the amount of Rayonier's second quarter 2024 dividend?

The second quarter 2024 dividend declared by Rayonier is $0.285 per common share.

When will Rayonier pay the second quarter 2024 dividend?

Rayonier will pay the second quarter 2024 dividend on June 28, 2024.

What is the record date for Rayonier's second quarter 2024 dividend?

The record date for Rayonier's second quarter 2024 dividend is June 14, 2024.

Has Rayonier announced any cash distribution for its operating partnership units?

Yes, Rayonier announced a second quarter cash distribution of $0.285 per operating partnership unit.

What is the payout date for the cash distribution of operating partnership units?

The payout date for the cash distribution of operating partnership units is June 28, 2024.