This Week's Growth And Income Stocks Are Cisco Systems (CSCO) And Rayonier Inc. (RYN).

Cisco Systems, Inc. Price and Consensus

Cisco Systems, Inc. Price and Consensus | Cisco Systems, Inc. Quote

Lastly, the company pays a very nice +3.09% annual dividend. Moreover, the recent corporate tax cut is expected to result in more share repurchases and dividend hikes in 2018. While this is not confirmed, many are expecting management to return these savings to its shareholders.

Rayonier Inc (RYN)

The sustained housing market, the necessary rebuilds after the hurricanes, and the potential infrastructure bill in early 2018 are the main drivers behind Rayonier’s recent uptick, and bolstered future expectations. Rayonier is a timberland real estate investment trust with assets located in some of the most productive timber growing regions in both the U.S. and New Zealand. Rayonier owns, leases or manages acres of timberlands located in the U.S. South, U.S. Pacific Northwest and New Zealand.

In mid-November, the Commerce Department reported that housing starts rose by +13.7% to a seasonally adjusted annual rate of 1.29 million units. This marked the highest level since October of 2016. The areas impacted by the hurricanes were up even higher, +17.2%, with single family construction improving by +16.6%, the highest level since 2007. Moreover, building permits increased by +5.9% to an annual rate of 1.297 million units in October. Specifically, single family permits rose by +1.9% while multi-family homes jumped up +13.9%.

During this time, Rayonier saw significant increases in their harvesting volumes in all three of their timberlands; U.S. South +24%, U.S. Pacific Northwest +5%, and New Zealand +40%. This equated in improved sales in all three areas; U.S. South +15%, U.S. Pacific Northwest +16%, and New Zealand +66% when compared to the year ago quarter. While sales and harvesting volumes increased, management was able to decrease both corporate and operating expenses.

Another area of growth for the company is in the form of exports. China has seen its timber supply deficit increase as of late, and Rayonier’s exports from the U.S. South to both China and India have grown by 8 times since 2012, and are expected to continue to grow through 2018.

Moreover, Rayonier continues to prudently acquire more timberland, and has average 8 transactions annually adding about 105,000 acres each year to their portfolio. This process is expected to continue through 2018. Lastly, the company pays out a nice 3.25% annual dividend with the next record date payment on 12-14.

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