Jul 18, 2008. /Lesprom.com/. Rayonier announced that the company’s Board of Directors has declared a 3Q 2008 cash dividend of $0.50 per common share. The dividend is payable September 30, 2008, to shareholders of record on September 10, 2008. Rayonier is an 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.