Feb 18, 2011. /Lesprom Network/. Rayonier announced that the company’s Board of Directors has declared a 1Q cash dividend of 54 cents per common share. The dividend is payable on March 31, 2011 to shareholders of record on March 10, 2011. Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.4 million acres of timber and land in the United States and New Zealand.