Rayonier Announces Third Quarter 2021 Dividend

Rhea-AI Summary

Rayonier Inc. (NYSE:RYN) declared a third quarter cash dividend of $0.27 per common share, payable on September 30, 2021, to shareholders of record on September 16, 2021. Additionally, the board announced a cash distribution of $0.27 per limited partnership unit, also payable on September 30, 2021. Rayonier is a timberland real estate investment trust managing approximately 2.7 million acres of timberlands in the U.S. and New Zealand, highlighting its strong position in the timber industry.

Positive

• Consistent dividend payment of $0.27 per common share, indicating financial stability.
• Strong asset base with approximately 2.7 million acres of timberlands, which supports revenue generation.

Negative

• None.

Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.27 per common share. The dividend is payable on September 30, 2021, to shareholders of record on September 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 third quarter cash distribution of $0.27 per limited partnership unit. The cash distribution is payable on September 30, 2021 to holders of record on September 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 one fund comprising approximately 31,000 acres. On a “look-through basis”, the Company’s ownership in the fund equates to approximately 6,000 acres. More information is available at www.rayonier.com.

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FAQ

What is the dividend amount declared by Rayonier for Q3 2021?

Rayonier declared a dividend of $0.27 per common share for Q3 2021.

When is the Rayonier dividend payable?

The dividend is payable on September 30, 2021.

What is the record date for Rayonier's Q3 2021 dividend?

The record date is September 16, 2021.

Has Rayonier declared a cash distribution for limited partnership units?

Yes, Rayonier declared a cash distribution of $0.27 per limited partnership unit for Q3 2021.

How many acres of timberlands does Rayonier manage?

Rayonier manages approximately 2.7 million acres of timberlands.