Rayonier (NYSE:RYN) today announced the tax reporting information for its 2013 cash distributions (dividends) on its Common Stock.

The dividends, totaling $1.86 per share, were paid quarterly as follows: $0.44 on March 28, 2013; $0.44 on June 28, 2013; $0.49 on Sept. 30, 2013; and $0.49 on Dec. 31, 2013. They are classified for income tax purposes as $1.14 (61.29%) Qualified Dividends and $.72 (38.71%) Capital Gain Distribution.

The following table summarizes the income tax treatment of the company's 2013 dividends. The per share amounts in the table reflect an 11 percent increase effective in the third quarter.

2013 Dividend Tax Reporting Information (Form 1099-DIV)

Rayonier Inc. Common Stock: RYN

CUSIP 754907103

 

Record Date
 

 

Payable Date
 

CashDistributionPer Share
 

QualifiedDividends(1)
 

 

Capital Gain(2)
 
03/14/2013 03/28/2013 $0.44 $0.269677 $0.170323
06/14/2013 06/28/2013 $0.44 $0.269677 $0.170323
09/16/2013 09/30/2013 $0.49 $0.300323 $0.189677
12/17/2013 12/31/2013

$0.49

$0.300323

$0.189677
 
Totals:

$1.86

$1.14

$.72

Tax treatment of the company’s 2013 common stock dividends should not be presumed to be indicative or predictive of the tax treatment of future company dividends.

Shareholders are encouraged to consult with their tax advisers as to their specific tax treatment of Rayonier dividends.

(1) Form 1099-DIV box 1b

(2) Form 1099-DIV box 2a

For further information, visit the company’s website at www.rayonier.com. Complimentary copies of Rayonier press releases and other financial documents are available by calling 1-800-RYN-7611.

About Rayonier

Rayonier is a leading international forest products company with three core businesses: Forest Resources, 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. The company's holdings include approximately 200,000 acres with residential and commercial development potential along the Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla. Its Performance Fibers business is one of the world's leading producers of high-value specialty cellulose fibers, which are used in products such as filters, pharmaceuticals and LCD screens. Approximately 50 percent of the company's sales are outside the U.S. to customers in approximately 20 countries. Rayonier is structured as a real estate investment trust. More information is available at  www.rayonier.com .

Copyright Business Wire 2010