International Paper Company (IP) To Go Ex-Dividend on August 14th

International Paper Company (NYSE:IP) announced a quarterly dividend on Tuesday, July 14th. Shareholders 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) dividend on an annualized basis and a yield of 5.0%. 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect International Paper to earn $2.71 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 68.3%.

International Paper Stock Performance

Shares of IP stock opened at $36.81 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. International Paper has a 52 week low of $29.26 and a 52 week high of $56.13. The stock has a market capitalization of $19.49 billion, a PE ratio of -5.79 and a beta of 0.94. The firm has a 50 day moving average of $34.86 and a two-hundred day moving average of $38.06.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations 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 revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. On average, research analysts predict that International Paper will post 1.38 EPS for the current fiscal year.

International Paper News Summary

Here are the key news stories impacting International Paper this week:

• Positive Sentiment: Truist Financial reaffirmed its Buy rating and raised its price target on International Paper to $46, implying attractive upside. Truist Financial Keeps Their Buy Rating on International Paper Co (IP)
• Positive Sentiment: International Paper declared a quarterly dividend of $0.4625 per share, reinforcing its shareholder-return appeal. International Paper Declares Quarterly Dividend
• Positive Sentiment: Zacks Research upgraded International Paper from “strong sell” to “hold,” suggesting sentiment around the stock has improved. International Paper upgrade by Zacks Research
• Neutral Sentiment: Several Zacks Research notes made only small forecast adjustments, with some near-term EPS estimates cut slightly and others raised modestly, indicating mixed views on earnings momentum. International Paper analyst estimate updates
• Negative Sentiment: Bank of America downgraded International Paper to Neutral, which likely capped some of the upside and weighed on sentiment earlier in the period. International Paper Downgraded to Neutral Rating by Bank of America

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.