Rayonier Announces Tax Treatment of 2012 Dividends
The dividends, totaling $1.68 per share, were paid quarterly as follows: $0.40 on March 31, 2012; $0.40 on June 29, 2012; $0.44 on Sept. 28, 2012; and $0.44 on Dec. 31, 2012, and are classified for income tax purposes as $1.68 (100%) Capital Gain Distribution, taxed at a maximum rate of 15 percent.
The following table summarizes the income tax treatment of the company's 2012 dividends. The per share amounts in the table reflect a 10 percent increase effective in the third quarter.
2012 Dividend Tax Reporting Information (Form 1099-DIV)
Rayonier Inc. Common Stock: RYN
Taxability of the company's 2012 common stock dividends should not be presumed to be indicative or predictive of the taxability of future company dividends.
Shareholders are encouraged to consult with their tax advisers as to their specific tax treatment of Rayonier dividends.
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.
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 2.7 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 45 percent of the company's sales are outside the U.S. to customers in approximately 40 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com.
Investors: Ed Kiker, 904-357-9186
Media: Ed Frazier, 904-357-9100
KEYWORDS: United States North America Florida
The article Rayonier Announces Tax Treatment of 2012 Dividends originally appeared on Fool.com.
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