Rayonier (RYN) Increases Quarterly Dividend 8% to $0.54; Yields 4.3%

Rayonier (NYSE: RYN) announced today that its board of directors voted to increase the company’s regular quarterly cash dividend by $0.04 per common share, or 8%, from $0.50 per share to $0.54, $2.16 annualized. The fourth quarter dividend is payable December 31, 2010, to shareholders of record on December 10, 2010. The ex-dividend date is December 8, 2010. Yield on the dividend is 4.3%.... Read more

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