Rayonier downgraded at RBC Capital As noted earlier, RBC Capital downgraded Rayonier (RYN) to Sector Perform from Outperform. The firm downgraded the stock based on valuation and lowered its price target on the shares to $37 from $52 to reflect the tax-free spinout of Rayonier Advanced Materials (RYAM).
News For RYN;RYAM From The Last 14 Days
Check below for free stories on RYN;RYAM the last two weeks.
Rayonier declares special cash dividend of 50c per share Rayonier's (RYN) board of directors has declared a third quarter cash dividend of 30c per common share. The dividend is payable on September 30 to shareholders of record on September 16. In addition to the regular third quarter cash dividend, the company’s board has declared a special cash dividend of 50c per common share payable on August 15 to shareholders of record on July 31. The special dividend will be paid from proceeds received from Rayonier Advanced Materials (RYAM) in connection with its spin-off from Rayonier on June 27.