Rayonier Announces Third Quarter 2022 Dividend

Rhea-AI Summary

Rayonier Inc. (NYSE:RYN) has declared a third quarter cash dividend of $0.285 per common share, payable on September 30, 2022, to shareholders of record on September 16, 2022. Additionally, the board announced a cash distribution of $0.285 per operating partnership unit for Rayonier, L.P., also payable on September 30, 2022. Rayonier is a leading timberland REIT with approximately 2.7 million acres of timberlands across the United States and New Zealand, emphasizing its strong position in productive softwood timber regions.

Positive

• Declared third quarter cash dividend of $0.285 per common share.
• Cash distribution of $0.285 per operating partnership unit.
• Strong portfolio with approximately 2.7 million acres of timberlands.

Negative

• None.

WILDLIGHT, Fla.--(BUSINESS WIRE)-- Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.285 per common share. The dividend is payable on September 30, 2022, to shareholders of record on September 16, 2022.

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 $0.285 per operating partnership unit. The cash distribution is payable on September 30, 2022, to holders of record on September 16, 2022.

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, 2022, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.80 million acres), U.S. Pacific Northwest (486,000 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/20220722005495/en/

Investors / Media

Collin Mings, 904-357-9100

investorrelations@rayonier.com

Source: Rayonier Inc.

FAQ

What is the dividend amount declared by Rayonier Inc. for Q3 2022?

Rayonier Inc. has declared a dividend of $0.285 per common share for Q3 2022.

When is the dividend payable for Rayonier Inc.?

The dividend is payable on September 30, 2022.

What are the record dates for the dividend and distribution announced by Rayonier?

The record date for both the dividend and distribution is September 16, 2022.

Is there a distribution for Rayonier, L.P. for Q3 2022?

Yes, Rayonier, L.P. has declared a cash distribution of $0.285 per operating partnership unit for Q3 2022.