Feb 23, 2010. /Lesprom Network/. Rayonier announced that the company’s Board of Directors has declared a 1Q cash dividend of $0.50 per common share. The dividend is payable on March 31, 2010, to shareholders of record on March 10, 2010. Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.5 million acres of timber and land in the United States and New Zealand.