Rayonier to sell Wood Products business to Interfor for $80M Rayonier has reached agreement to sell all of the assets of its Wood Products business to International Forest Products Limited, or Interfor, for $80M. The sale, expected to close in the first quarter, will result in an after-tax gain of approximately $40M.
News For RYN From The Last 14 Days
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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.