NEW YORK ( TheStreet) -- The ex-dividend date for Rayonier (NYSE: RYN) is tomorrow, December 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $42.39 as of 9:50 a.m. ET, the dividend yield is 4.5%.

The average volume for Rayonier has been 1.1 million shares per day over the past 30 days. Rayonier has a market cap of $5.52 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 15.7% year to date as of the close of trading on Wednesday.

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 17.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Rayonier Ratings Report.

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