International Paper Company (IP) to Distribute Quarterly Dividend of $0.46 on September 15th

International Paper Company (NYSE:IP) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, August 14th will be paid a dividend of 0.4625 per share by the basic materials company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, August 14th.

International Paper has decreased its dividend payment by an average of 0.0%annually over the last three years. International Paper has a dividend payout ratio of 54.7% meaning its dividend is sufficiently covered by earnings. Analysts expect International Paper to earn $2.87 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 64.5%.

International Paper Price Performance

NYSE IP opened at $41.81 on Wednesday. The company has a market cap of $22.14 billion, a PE ratio of -6.41 and a beta of 0.94. International Paper has a 52 week low of $29.26 and a 52 week high of $50.25. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $38.10 and its two-hundred day simple moving average is $37.94.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the business earned $0.20 earnings per share. The company’s quarterly revenue was down 11.3% on a year-over-year basis. Research analysts predict that International Paper will post 1.38 earnings per share for the current year.

International Paper Company Profile

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.