Rayonier Inc. (RYN) To Go Ex-Dividend on March 17th

Rayonier Inc. (NYSE:RYNGet 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.

Rayonier (NYSE:RYNGet Free Report) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Rayonier had a net margin of 97.94% and a return on equity of 4.09%. The business had revenue of $117.50 million for the quarter, compared to the consensus estimate of $108.71 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue for the quarter was down 24.4% on a year-over-year basis. As a group, equities research analysts forecast that Rayonier will post 0.55 EPS for the current fiscal year.

About Rayonier

(Get Free Report)

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

Dividend History for Rayonier (NYSE:RYN)

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.