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

Rayonier Inc. (NYSE:RYN) announced a quarterly dividend on Monday, February 23rd. Shareholders 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 yield of 5.2%. The ex-dividend date is Tuesday, March 17th.

Rayonier has raised its dividend payment by an average of 0.2%per year over the last three years. Rayonier has a dividend payout ratio of 160.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Rayonier to earn $0.68 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 152.9%.

Rayonier Price Performance

Shares of NYSE RYN opened at $20.19 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.26 and a quick ratio of 3.23. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 6.62 and a beta of 0.98. The stock’s 50-day moving average is $22.57 and its two-hundred day moving average is $23.34. Rayonier has a 1-year low of $20.02 and a 1-year high of $28.31.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. Rayonier had a return on equity of 4.09% and a net margin of 97.94%.The business had revenue of $117.50 million during the quarter, compared to analysts’ expectations of $108.71 million. During the same quarter last year, the business posted $0.24 EPS. The business’s quarterly revenue was down 24.4% compared to the same quarter last year. Analysts forecast that Rayonier will post 0.55 EPS for the current fiscal year.

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.