Rayonier Stock To Go Ex-dividend Tomorrow (RYN)

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, March 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $57.85 as of 9:31 a.m. ET, the dividend yield is 3.1%.

The average volume for Rayonier has been 709,100 shares per day over the past 30 days. Rayonier has a market cap of $7.16 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 11.2% year to date as of the close of trading on Friday.

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 26.5, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Rayonier Ratings Report.

See our dividend calendar or top-yielding stocks list.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Lumber, Homebuilder Stocks Slip Following Canada Tariff Announcement

Analysts' Actions -- Ford, Intel, Twitter, Viacom and More

These Seemingly Boring Investments Can Generate Exciting Returns

Trade-Ideas: Rayonier (RYN) Is Today's Strong And Under The Radar Stock