Rayonier Inc. (NYSE:RYN - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Shareholders of record on Wednesday, December 10th will be paid a dividend of 0.2725 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, December 10th.
Rayonier has a dividend payout ratio of 167.7% 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 analysts expect Rayonier to earn $0.68 per share next year, which means the company may not be able to cover its $1.09 annual dividend with an expected future payout ratio of 160.3%.
Rayonier Stock Performance
Shares of RYN stock opened at $24.82 on Friday. The stock has a market cap of $3.83 billion, a P/E ratio of 5.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.50 and a quick ratio of 3.38. The company has a fifty day moving average price of $26.20 and a two-hundred day moving average price of $24.65. Rayonier has a one year low of $21.84 and a one year high of $32.88.
Rayonier (NYSE:RYN - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The company had revenue of $106.50 million during the quarter, compared to analysts' expectations of $95.30 million. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. Rayonier's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. As a group, equities analysts predict that Rayonier will post 0.55 EPS for the current year.
About Rayonier
(
Get Free Report)
Rayonier 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. As of December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rayonier, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rayonier wasn't on the list.
While Rayonier currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
