|Bid||28.94 x 300|
|Ask||28.97 x 200|
|Day's Range||28.72 - 29.06|
|52 Week Range||25.24 - 29.86|
|PE Ratio (TTM)||15.43|
|Earnings Date||Aug 2, 2017|
|Dividend & Yield||1.00 (3.47%)|
|1y Target Est||29.00|
Rayonier Inc. announced today that the company’s board of directors has declared a third quarter cash dividend of $0.25 per common share. The dividend is payable on September 29, 2017, to shareholders of record on September 15, 2017.
Oaktree Capital Management LP, the largest shareholder of Tembec Inc, said on Friday it would vote against Rayonier Advanced Materials Inc's $807 million acquisition of the Canadian forest products company. Jacksonville, Florida-based Rayonier, which supplies cellulose found in cellphones, computer screens and pharmaceutical drugs, said in May it would buy Tembec to expand into packaging and forest products. In a separate statement on Friday, Tembec said proxy advisory firm Institutional Shareholder Services had recommended that the Canadian firm's shareholders vote in favor of the deal under Rayonier's proposed terms.
Rayonier Inc. plans to release its second quarter 2017 earnings after the market closes on Wednesday, August 2, 2017. Rayonier will host a conference call and live webcast at 10:00 a.m.