Rayonier announces tax treatment of 2011 dividends
Jan 13, 2012. Rayonier announced the tax reporting information for its 2011 cash distributions (dividends) on its Common Stock.
Jan 13, 2012. /Lesprom Network/. Rayonier announced the tax reporting information for its 2011 cash distributions (dividends) on its Common Stock.
The dividends, totaling $1.52 per share, adjusted for the 3 for 2 stock split distributed on August 24, 2011, were paid quarterly as follows: $0.36 on March 31, 2011; $0.36 on June 30, 2011; $0.40 on Sept. 30, 2011; and $0.40 on Dec. 31, 2011, and are classified for income tax purposes as $1.52 (100%) Capital Gain Distribution, taxed at a maximum rate of 15%.
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.