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

International Paper Company (NYSE:IP) declared a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, August 14th will be given a dividend of 0.4625 per share by the basic materials company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date 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. Equities analysts expect International Paper to earn $2.69 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 68.8%.

International Paper Trading Down 1.3%

NYSE:IP opened at $36.51 on Wednesday. The stock has a market capitalization of $19.33 billion, a price-to-earnings ratio of -5.74 and a beta of 0.94. International Paper has a 52 week low of $29.26 and a 52 week high of $56.13. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $34.79 and a 200 day moving average of $38.08.

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). International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, sell-side analysts anticipate that International Paper will post 1.38 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Scott Tozier acquired 10,000 shares of International Paper stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $31.30 per share, for a total transaction of $313,000.00. Following the completion of the purchase, the director directly owned 10,025 shares in the company, valued at $313,782.50. This trade represents a 40,000.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in International Paper by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 64,357,913 shares of the basic materials company’s stock worth $2,535,058,000 after purchasing an additional 310,834 shares during the period. Capital International Investors boosted its stake in shares of International Paper by 29.4% in the fourth quarter. Capital International Investors now owns 63,413,335 shares of the basic materials company’s stock worth $2,498,013,000 after buying an additional 14,422,616 shares during the last quarter. Capital Research Global Investors grew its holdings in International Paper by 0.4% during the fourth quarter. Capital Research Global Investors now owns 54,535,444 shares of the basic materials company’s stock worth $2,148,154,000 after acquiring an additional 204,654 shares during the period. State Street Corp raised its position in International Paper by 1.3% during the fourth quarter. State Street Corp now owns 30,009,733 shares of the basic materials company’s stock valued at $1,182,083,000 after acquiring an additional 397,673 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in International Paper by 81.6% in the fourth quarter. Franklin Resources Inc. now owns 14,832,952 shares of the basic materials company’s stock valued at $584,270,000 after acquiring an additional 6,663,986 shares during the period. Hedge funds and other institutional investors own 81.95% of the company’s stock.

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.