Rayonier weakness creates buying opportunity, says DA Davidson After Rayonier reported lower than expected EPS and the stock declined, DA Davidson thinks the stock's decline was driven by news of a delay of the sale of incremental capacity at Jessup. The firm continues to remain upbeat on the Jessup project, however, and reiterates a $66 price target and Buy rating on the shares.
News For RYN From The Last 14 Days
Check below for free stories on RYN 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.