International Paper Co Declares Quarterly Dividend of $0.50 (IP)

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International Paper Co (NYSE:IP) announced a quarterly dividend on Tuesday, January 8th, RTT News reports. Stockholders of record on Thursday, February 21st will be given a dividend of 0.50 per share by the basic materials company on Friday, March 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%.

International Paper has increased its dividend payment by an average of 5.5% per year over the last three years and has increased its dividend every year for the last 7 years. International Paper has a dividend payout ratio of 38.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International Paper to earn $5.70 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.1%.

NYSE:IP opened at $43.36 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.13 and a current ratio of 1.59. International Paper has a 52 week low of $37.55 and a 52 week high of $66.94. The firm has a market capitalization of $17.12 billion, a PE ratio of 12.42, a PEG ratio of 0.78 and a beta of 1.48.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, October 25th. The basic materials company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.09. International Paper had a net margin of 13.68% and a return on equity of 29.75%. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.90 billion. Equities research analysts forecast that International Paper will post 5.31 earnings per share for the current year.

IP has been the topic of a number of analyst reports. ValuEngine lowered shares of International Paper from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 3rd. Seaport Global Securities started coverage on shares of International Paper in a research note on Tuesday, October 23rd. They issued a “neutral” rating on the stock. Royal Bank of Canada reissued a “buy” rating and set a $55.00 target price on shares of International Paper in a research note on Tuesday, October 23rd. Zacks Investment Research lowered shares of International Paper from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Goldman Sachs Group lowered shares of International Paper from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research note on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.00.

International Paper announced that its board has approved a share buyback plan on Tuesday, October 9th that permits the company to repurchase $430.00 million in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

See Also: Intrinsic Value and Stock Selection

Dividend History for International Paper (NYSE:IP)

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