Key Developments: Rayonier Inc (RYN)
59.83USD
22 May 2013
$0.07 (+0.12%)
$59.76
$59.79
$60.11
$59.73
187,044
687,155
$60.62
$41.33
Latest Key Developments (Source: Significant Developments)
Rayonier Inc Announces Second Quarter 2013 Dividend
Rayonier Inc announced that Board Of Directors has declared a second quarter cash dividend of 44 cents per common share. The dividend is payable on June 28, 2013 to shareholders of record on June 14, 2013. Full Article
Rayonier Inc Reaffirms FY 2013 Earnings Guidance
Rayonier Inc announced that for fiscal 2013, it expect operating income and EPS will be slightly above fiscal 2012. The Company reported net income totaled $279 million, or $2.17 per share in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report operating income of EPS of $2.17 for fiscal 2013. Full Article
Rayonier Inc Announces First Quarter 2013 Dividend
Rayonier Inc announced that the Company`s board of directors has declared a first quarter cash dividend of 44 cents per common share. The dividend is payable on March 28, 2013 to shareholders of record on March 14, 2013. Full Article
Rayonier Inc Comments On FY 2013 Operating Income Guidance; Issues FY 2013 EPS Guidance Below Analysts' Estimates
Rayonier Inc announced that for fiscal 2013, it expect operating income and EPS will be slightly above fiscal 2012. The Company reported net income totaled $279 million, or $2.17 per share in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.29 for fiscal 2013. Full Article
International Forest Products Ltd To Acquire Assets Of Rayonier Inc's Wood Products Business
International Forest Products Ltd announced that it has reached agreement to acquire the assets of Rayonier Inc.'s Wood Products Business for $80 million, inclusive of working capital. The transaction, is scheduled to close in late February or early March. Rayonier's Wood Products Business, headquartered in Baxley, Georgia, consists of three sawmills located in Baxley, Swainsboro and Eatonton, Georgia, with a combined annual capacity of 360 million board feet of southern pine dimension lumber. As part of the transaction, Interfor has agreed to hire all of the Business' current employees. The transaction, will be financed from Interfor's existing credit lines. Full Article
Rayonier Inc Increases Texas Timberland Ownership
Rayonier Inc announced it has acquired approximately 62,600 acres of timberlands in East Texas. The property, purchased from a private ownership group for $88 million, or $1,406 per acre, brings the Company`s total ownership in Texas to over 150,000 acres. The timberlands are located principally in Liberty, Polk and Trinity counties. Rayonier owns, leases or manages approximately 2.7 million acres in 10 states in the U.S. and New Zealand. Full Article
Rayonier Inc Reaffirms FY 2012 Earnings Guidance
Rayonier Inc announced that for fiscal 2012, it expects operating income to increase approximately 10% over fiscal 2011. However, due to the non-routine tax benefits detailed above, it still expect full year earnings to be comparable to fiscal 2011, excluding special items. The Company anticipate CAD to range from $295 million to $310 million. The Company reported operating income of $264.10 in fiscal 2011. Full Article
Rayonier Inc. Comments On FY 2012 Earnings Guidance
Rayonier Inc. announced that it anticipates another record year driven by strong cellulose specialties markets. The Company remains on track to complete cellulose specialties expansion project by mid-2013. The Company expects fiscal 2012 earnings to be comparable to fiscal 2011, excluding special items, and CAD to range from $295 million to $310 million, substantially above dividend. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $276 million for fiscal 2012. Full Article
Rayonier Inc. Declares Quarterly Cash Dividend
Rayonier Inc. announced that the Board of Directors voted to increase the Company’s regular quarterly cash dividend by $.04 per common share, or 10%, from $.40 per share to $.44, effective for the third quarter distribution. The third quarter dividend is payable September 28, 2012, to shareholders of record on September 14, 2012. Full Article
Rayonier Inc. Reaffirms FY 2012 Operating Income Guidance; Comments On FY 2012 EBITDA Guidance-Conference Call
Rayonier Inc. announced that for fiscal 2012, it expects EBITDA and operating income to be above 10% compared to fiscal 2011. The Company reported EBITDA of $362.80 and operating income of $264.10 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report operating income of $276.32 million for fiscal 2012. Full Article
Earnings vs. 
Estimates
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