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

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

International Paper has decreased its dividend payment by an average of 0.0%annually over the last three years. International Paper has a payout ratio of 54.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

IP stock traded up $0.02 during trading on Wednesday, hitting $32.89. The company had a trading volume of 1,464,971 shares, compared to its average volume of 7,218,767. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of -5.17 and a beta of 0.93. The business has a 50 day moving average of $35.87 and a 200 day moving average of $39.43. International Paper has a fifty-two week low of $29.45 and a fifty-two week high of $56.13. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.

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 the consensus estimate 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 company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company earned $0.17 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, research analysts predict that International Paper will post 1.43 earnings per share for the current year.

Insider Activity

In related news, Director Scott Tozier acquired 10,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $31.30 per share, for a total transaction of $313,000.00. Following the acquisition, the director owned 10,025 shares in the company, valued at approximately $313,782.50. This represents a 40,000.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anders Gustafsson acquired 13,217 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $37.83 per share, for a total transaction of $499,999.11. Following the acquisition, the director owned 26,092 shares in the company, valued at approximately $987,060.36. This trade represents a 102.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 36,092 shares of company stock worth $1,313,064. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of International Paper

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in International Paper by 36.7% during the fourth quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock valued at $34,000 after buying an additional 229 shares during the period. Rothschild Investment LLC boosted its stake in International Paper by 4.2% during the fourth quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after buying an additional 242 shares during the period. International Private Wealth Advisors LLC boosted its stake in International Paper by 4.1% during the fourth quarter. International Private Wealth Advisors LLC now owns 6,175 shares of the basic materials company’s stock valued at $243,000 after buying an additional 243 shares during the period. Independent Advisor Alliance boosted its stake in International Paper by 3.3% during the fourth quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock valued at $305,000 after buying an additional 244 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in International Paper by 1.7% during the third quarter. Evergreen Capital Management LLC now owns 15,856 shares of the basic materials company’s stock valued at $736,000 after buying an additional 263 shares during the period. Institutional investors and hedge funds 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.