Rayonier Inc. (RYN) To Go Ex-Dividend on September 16th

Rayonier Inc. (NYSE:RYN) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.26 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, September 16th.

Rayonier has raised its dividend payment by an average of 0.2%per year over the last three years. Rayonier has a payout ratio of 160.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Rayonier to earn $0.56 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 185.7%.

Rayonier Trading Down 1.7%

Shares of NYSE:RYN opened at $21.77 on Friday. Rayonier has a 52 week low of $19.49 and a 52 week high of $27.33. The company’s 50 day moving average is $21.01 and its two-hundred day moving average is $21.53. The company has a current ratio of 2.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.55 billion, a PE ratio of 7.21 and a beta of 0.88.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $276.79 million for the quarter, compared to analyst estimates of $280.92 million. Rayonier had a net margin of 68.61% and a return on equity of 3.61%. The company’s revenue was up 233.9% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. Equities analysts predict that Rayonier will post 0.36 earnings per share for the current fiscal year.

Rayonier Company Profile

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.