Rayonier Announces 8% Dividend Increase
21 Maio 2018 - 9:45AM
Business Wire
Rayonier Inc. (NYSE:RYN) today announced that its board of
directors has approved an 8% increase in its quarterly cash
dividend to $0.27 per share from $0.25 per share. The dividend is
payable on June 29, 2018 to shareholders of record on June 15,
2018.
“Based on our significant cash flow growth, strong capital
structure, and confidence in the sustainability of our core
businesses, I am pleased that our board of directors has voted to
increase our quarterly dividend,” said David Nunes, President and
CEO. “A stable and growing dividend is a fundamental component of
our capital allocation strategy and long-term value proposition for
our shareholders. We remain focused on active portfolio management
and nimble capital allocation with a view towards growing our cash
flow and building long-term value per share.”
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, 2018, Rayonier owned, leased or managed approximately 2.6
million acres of timberlands located in the U.S. South (1.8 million
acres), U.S. Pacific Northwest (378,000 acres) and New Zealand
(410,000 acres). More information is available at
www.rayonier.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180521005570/en/
Rayonier Inc.Investors / MediaMark McHugh,
904-357-9100investorrelations@rayonier.com
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