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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2026 | Mar. 31, 2025
Dividends (in dollars per share) | $ 0.26 | $ 0.2725 | [1]
Equity issuance costs | $ 866 | $ 0 |
S 2024 A Dividends |  |  |
Dividends (in dollars per share) |  | $ 1.80 |
[1] | For information regarding distributions to noncontrolling interests in the Operating Partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 6 — Noncontrolling Interests.

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