Rayonier Keeps Dividend Steady

International forest products company¬†Rayonier (NYSE: RYN  ) announced today its fourth-quarter dividend of $0.49 per share, the same rate it paid last quarter after raising the payout 11%, from $0.44 per share.

The board of directors said the quarterly dividend is payable on Dec. 31 to the holders of record at the close of business on Dec. 17. The regular dividend payment equates to a $1.96-per-share annual dividend, yielding 3.4% based on the closing price today of Rayonier's stock.

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Related Tickers

9/23/2016 4:02 PM
RYN $26.92 Down -0.19 -0.70%
Rayonier CAPS Rating: ****