Rayonier Announces 10% Dividend Increase to $0.44
Rayonier (NYSE: RYN) announced today that its board of directors voted to increase the company's regular quarterly cash dividend by $.04 per common share, or 10 percent, from $.40 per share to $.44, effective for the third quarter distribution.
The third quarter dividend is payable Sept. 28, 2012, to shareholders of record on Sept. 14, 2012. This is the company's eighth dividend increase in the last ten years.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.