Rayonier Inc. (NYSE:RYN – Get Free Report) declared a quarterly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.26 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, March 17th.
Rayonier has increased its dividend by an average of 0.2%per year over the last three years. Rayonier has a dividend payout ratio of 167.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Rayonier to earn $0.68 per share next year, which means the company may not be able to cover its $1.09 annual dividend with an expected future payout ratio of 160.3%.
Rayonier Stock Performance
RYN stock opened at $21.49 on Wednesday. Rayonier has a 1-year low of $21.06 and a 1-year high of $28.31. The business has a 50-day moving average price of $22.70 and a 200 day moving average price of $23.80. The company has a market capitalization of $3.47 billion, a P/E ratio of 7.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.26 and a quick ratio of 3.39.
About Rayonier
Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.
Rayonier operates through two primary segments: Timber and Real Estate Solutions.
See Also
- Five stocks we like better than Rayonier
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- Buy this Gold Stock Before May 2026
- This makes me furious
- What a Former CIA Agent Knows About the Coming Collapse
Receive News & Ratings for Rayonier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier and related companies with MarketBeat.com's FREE daily email newsletter.
