May 22, 2009. /Lesprom Network/. Rayonier announced that the company’s Board of Directors has declared a 2Q cash dividend of 50 cents per common share. The dividend is payable on June 30, 2009, to shareholders of record on June 10, 2009, the company said in a statement received by Lesprom Network. Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.6 million acres of timber and land in the United States and New Zealand.