Rayonier Announces Tax Treatment of 2020 Dividends
01/19/2021 - 09:17 AM
Rayonier Inc. (NYSE:RYN) announced today the tax treatment of the Company’s 2020 dividend distribution on its Common Stock CUSIP 754907103.
The dividends, totaling $1.08 per share, were paid quarterly as follows: $0.27 on March 31, 2020; $0.27 on June 30, 2020; $0.27 on September 30, 2020; and $0.27 on December 31, 2020. The $1.08 per share dividend is classified for income tax purposes as 100% Capital Gain Distribution and 0% Non-dividend Distribution. The following table summarizes the income tax treatment of the Company’s 2020 dividends.
2020 Dividend Tax Reporting Information (Form 1099-DIV)
Record Date
Payable Date
Cash Distribution
Capital Gain
(1)
Non-dividend
(2)
03/17/2020
03/31/2020
$0.27
$0.27
$0.00
06/16/2020
06/30/2020
$0.27
$0.27
$0.00
09/16/2020
09/30/2020
$0.27
$0.27
$0.00
12/17/2020
12/31/2020
$0.27
$0.27
$0.00
Totals:
$1.08
$1.08
$0.00
Tax treatment of the Company’s 2020 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 2a. Pursuant to Treas. Reg. § 1.1061-6(c), the Company is reporting that for purposes of section 1061 of the Internal Revenue Code the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of “applicable partnership interests.”
(2) Form 1099-DIV box 3
For further information, visit the Company’s website at www.rayonier.com .
About Rayonier
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of September 30, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.75 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (416,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a “look-through basis”, the Company’s ownership in the timber fund business equates to approximately 17,000 acres. More information is available at www.rayonier.com .
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RYN Rankings
#3626 Ranked by Stock Gains
RYN Stock Data
Industry
Other Financial Vehicles
Sector
Finance and Insurance
Tags
Finance, Real Estate Investment Trusts, Finance and Insurance, Other Financial Vehicles
Country
US
City
Yulee
About RYN
rayonier is an international real estate investment trust (reit) committed to creating value through excellence in our core businesses: forest resources and real estate. we are a responsible steward of the land, managing every acre towards its highest and best use to achieve optimal value. rayonier was founded in 1926 in the pacific northwest and our current headquarters is in jacksonville, florida. over the years, rayonier has expanded to become the third-largest timber reit with approximately 2.7 million acres in the united states and new zealand. strategic by design, our business benefits from the geographic and market diversity of our land holdings across the us south, us gulf states, us pacific northwest and new zealand. our future growth is boosted by an excellent portfolio of properties suited for higher and better uses (hbu). our vision is to be the best-in-class international land resources company recognized as a leader in the industry. we achieve this every day by focusi
