Rayonier Declares Special Cash Dividend of $0.20 Per Share
18 Diciembre 2023 - 3:16PM
Business Wire
Rayonier Inc. (NYSE:RYN) announced today that the Company’s
board of directors has declared a one-time, special cash dividend
of $0.20 per common share. The dividend is payable on January 12,
2024, to shareholders of record on December 29, 2023.
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 one-time, special cash
distribution of $0.20 per operating partnership unit. The cash
distribution is payable on January 12, 2024, to holders of record
on December 29, 2023.
“The payment of this special dividend addresses increased REIT
taxable income resulting from our disposition of 55,000 acres of
timberland in Oregon, and further demonstrates our commitment to
returning capital to shareholders as part of the asset disposition
and capital structure realignment plan announced on November 1st,”
said David Nunes, Chief Executive Officer. “As we continue to
execute on our plan, we will balance debt reduction and return of
capital to shareholders in a tax efficient manner.”
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
September 30, 2023, Rayonier owned or leased under long-term
agreements approximately 2.8 million acres of timberlands located
in the U.S. South (1.90 million acres), U.S. Pacific Northwest
(474,000 acres) and New Zealand (419,000 acres). More information
is available at www.rayonier.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231218675850/en/
Investors: Collin Mings, investorrelations@rayonier.com,
904-357-9100 Media: Alejandro Barbero,
alejandro.barbero@rayonier.com
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