Rayonier climbs on 5.6% dividend raise

Rayonier

20/05/2022 16:46

** Shares of timberland real estate investment trust
(REIT)Rayonier Inc  RYN.N  up 1.1% at $38.63
    ** RYN announces a 5.6% increase in its quarterly cash
dividend to $0.285/common share from $0.27/common share
 urn:newsml:reuters.com:*:nBw47qvwBa
    ** Dividend is payable on June 30 to shareholders of record
on June 16
    ** RYN is down ~4% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))