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Stock Market & Financial Investment News

News Breaks
April 28, 2014
09:05 EDTRYNRayonier says separation of Advanced Materials on track for mid-2014
Rayonier announced updates on the planned separation of its performance fibers business from its forest resources and real estate businesses. The separation will occur by means of a tax-free spin-off of a newly formed company named Rayonier Advanced Materials Inc., which will contain the Performance Fibers segment of Rayonier and is expected to be traded on the NYSE under the symbol “RYAM.” Several members of the Board of Rayonier will join the Board of Rayonier Advanced Materials. Recruitment of additional Board members for each of the companies is nearly complete and expected to be announced at the end of May. As previously disclosed, upon completion of the separation, Mr. Boynton will become Chairman, President and CEO of Rayonier Advanced Materials. Mr. Boynton has been working closely with the Rayonier Board to identify the new CEO of Rayonier Inc., with the search including both internal and external candidates. Expects to announce the identified new CEO of Rayonier in early May.
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July 29, 2014
09:27 EDTRYNRayonier sees FY14 sales up 2%-5%
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08:09 EDTRYNRayonier reports Q2 EPS with items 14c, may not compare to consensus 49c
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July 21, 2014
08:43 EDTRYNRayonier 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.

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