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Rayonier Inc. Message Board

  • legalbark legalbark Jan 29, 2004 4:38 AM Flag

    Great Report

    Been busy and only now got a chance to read the company's statement on the fourth quarter. No changes from previous guidance and a confirmation that the quarterly dividend will be $.56 a share or $2.24 annually. At $41 a share that's about a 5.5% yield which makes RYN an extremely attractive income investment with a great inflation hedge built in. It's obvious they deferred a lot of income into the future and loaded as many expenses into 2003 as their auditors would allow. I'm buying some more.

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