Feb 24, 2009. /Lesprom Network/. Rayonier announced that the company’s Board of Directors has declared a first quarter cash dividend of $0.50 per common share. The dividend is payable on March 31, 2009, to shareholders of record on March 10, 2009. Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers.