Rayonier declared a second quarter cash dividend of USD 0.25 per common share. The dividend is payable on June 30, 2017, to shareholders of record on June 16, 2017.
Earlier Rayonier Inc priced its previously announced underwritten public offering of 5,000,000 common shares at a price to the public of USD 27.75 per share.
The company is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. Rayonier owns, leases or manages approximately 2.7 million acres of timberlands located in the U.S. South, U.S. Pacific Northwest and New Zealand.