Boosting shareholders’ wealth, Rayonier Inc.’s (RYN) board of directors approved a new $300 million share repurchase authorization and declared a one-time, special dividend of $1.80 per common share.RYN’s New Repurchase AuthorizationShare repurchases are an important component of this timberland real estate investment trust (REIT) company’s capital allocation strategy. This new authorization replaces its existing $100 million share repurchase authorization. The new repurchase program is not bound by any tim ...