International Paper Company Announces Quarterly Dividend of $0.46 (NYSE:IP)

International Paper Company (NYSE:IP) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 22nd will be paid a dividend of 0.4625 per share by the basic materials company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, May 22nd.

International Paper has decreased its dividend payment by an average of 0.0%per year over the last three years. International Paper has a payout ratio of 54.7% meaning its dividend is sufficiently covered by earnings. Analysts expect International Paper to earn $2.73 per share next year, which means the company should continue to be able to cover its $1.85 annual dividend with an expected future payout ratio of 67.8%.

International Paper Stock Up 0.0%

Shares of NYSE:IP traded up $0.02 during midday trading on Wednesday, reaching $32.89. The company had a trading volume of 1,464,971 shares, compared to its average volume of 7,218,767. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.94. The stock’s fifty day moving average price is $35.87 and its 200-day moving average price is $39.43. The stock has a market capitalization of $17.41 billion, a P/E ratio of -5.17 and a beta of 0.93. International Paper has a one year low of $29.45 and a one year high of $56.13.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.02 billion. International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. Equities research analysts expect that International Paper will post 1.43 earnings per share for the current fiscal year.

About International Paper

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.