Rayonier Declares Special Dividend of $1.80 Per Share Payable 25% in Cash and 75% in Common Shares
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Rayonier Inc. has declared a special dividend of $1.80 per share, payable 25% in cash and 75% in common shares, due to taxable gains from a $495 million timberland disposition. The dividend will be paid on January 30, 2025, to shareholders of record on December 12, 2024.
December 02, 2024 | 9:30 pm
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Rayonier Inc. declared a special dividend of $1.80 per share, payable 25% in cash and 75% in common shares, due to gains from a $495 million timberland sale.
The special dividend announcement is a direct result of significant gains from a timberland sale, which is likely to positively impact investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100