Rayonier Declares Special Cash Dividend Of $0.20/Share To Shareholders Of Record On Dec. 29
Portfolio Pulse from Benzinga Newsdesk
Rayonier Inc. has announced a special cash dividend of $0.20 per share for shareholders of record as of December 29. This declaration may indicate the company's strong cash position and commitment to returning value to shareholders.
December 18, 2023 | 9:16 pm
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Rayonier Inc. has declared a special cash dividend of $0.20 per share, which is likely to be well-received by investors and could have a positive impact on the stock price in the short term.
Special dividends are often viewed positively by the market as they can indicate a company's strong financial health and ability to generate excess cash. This can lead to increased investor confidence and a potential uptick in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100