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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Rayonier (NYSE: RYN) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $50.60 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for Rayonier has been 747,000 shares per day over the past 30 days. Rayonier has a market cap of $6.14 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 13.2% year to date as of the close of trading on Monday. Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company has a P/E ratio of 22.5, above the average conglomerates industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.