Feb 28, 2012. /Lesprom Network/. Rayonier announced that the company’s Board of Directors has declared a 1Q cash dividend of 40 cents per common share. The dividend is payable on March 30, 2012 to shareholders of record on March 16, 2012. Rayonier is a leading international forest products company with three core businesses: Forest Resources, Real Estate and Performance Fibers. The company owns, leases or manages 2.7 million acres of timber and land in the United States and New Zealand.