Rayonier Inc. Declares Q4 2024 Dividend for Shareholders
Rayonier Inc. Declares Fourth Quarter Cash Dividend
WILDLIGHT, Fla. — Rayonier Inc. (NYSE: RYN) recently made a significant announcement regarding its dividend for the fourth quarter. The company’s board of directors has declared a cash dividend of $0.285 per common share. This dividend is set to benefit shareholders, as it will be distributed on December 31, 2024, to those who are on record as shareholders by December 17, 2024.
Details on Cash Distribution
In addition to the common share dividend, the board also declared a fourth quarter cash distribution of $0.285 per operating partnership unit. Similar to the cash dividend for common shares, this distribution will also be payable on December 31, 2024, to holders of record on December 17, 2024.
Rayonier's Business Overview
Rayonier is recognized as a leading timberland real estate investment trust (REIT) with substantial holdings in some of the most fertile softwood timber growing regions across the United States and New Zealand. As of mid-2024, Rayonier boasts ownership or long-term leases for about 2.7 million acres of productive timberlands, including 1.85 million acres in the U.S. South, 417,000 acres in the U.S. Pacific Northwest, and 410,000 acres in New Zealand.
Importance of Timberland Investment
Investing in timberland has proven to be a robust strategy, offering a combination of income generation and appreciation over time. Rayonier’s diverse geography allows it to capitalize on demand fluctuations while maintaining a steady income stream for investors through its dividends.
Investors’ Confidence and Future Growth
With the announcement of the dividend, investors are likely to feel a sense of appreciation towards Rayonier. Generating consistent returns is a crucial aspect of building investor trust. The strategic management of their timberland assets will significantly aid in the company’s long-term growth and sustainability.
Rayonier’s Commitment to Shareholders
Rayonier remains deeply committed to its shareholders through transparent communication and consistent dividend payments. By prioritizing shareholder returns, Rayonier demonstrates its dedication to maintaining financial health and creating value for its investors.
Frequently Asked Questions
What is the declared cash dividend per share for Rayonier?
The declared cash dividend for the fourth quarter is $0.285 per common share.
When will the dividend be payable?
The dividend will be payable on December 31, 2024.
What is the record date for the dividend?
Shareholders must be on record by December 17, 2024, to receive the dividend.
How much cash distribution is declared for operating partnership units?
A cash distribution of $0.285 per operating partnership unit has been declared.
Where can I find more information about Rayonier?
More information is available on Rayonier’s official website at www.rayonier.com.
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