Rayonier Inc. (NYSE:RYN) Announces Quarterly Dividend of $0.26

Rayonier Inc. (NYSE:RYN) announced a quarterly dividend on Friday, May 15th. Investors of record on Tuesday, June 16th will be given a dividend of 0.26 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 16th.

Rayonier has raised its dividend 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. Equities research 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 Stock Up 4.8%

RYN stock opened at $21.86 on Friday. The firm has a market cap of $6.57 billion, a PE ratio of 7.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.21 and a current ratio of 2.53. The firm’s fifty day moving average is $20.86 and its 200 day moving average is $21.60. Rayonier has a one year low of $19.49 and a one year high of $27.33.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company 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 firm’s revenue was up 233.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) earnings per share. On average, research analysts forecast that Rayonier will post 0.36 EPS for the current 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.