International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) has declared a quarterly dividend of $0.4625 per share for the period from January 1, 2023 to March 31, 2023. This dividend is payable on March 15, 2023, to holders of record on February 17, 2023. Additionally, a dividend of $1.00 per share for its cumulative preferred stock has also been announced for the same period, with the same payment and record dates. The company continues to operate as a leading supplier in renewable fiber-based products, with net sales of $19.4 billion in 2021.

Positive

• Quarterly dividend of $0.4625 per share boosts shareholder returns.
• Cumulative preferred stock dividend of $1.00 supports investor confidence.
• Consistent financial performance indicated by $19.4 billion in net sales for 2021.

Negative

• None.

MEMPHIS, Tenn., Jan. 10, 2023 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.4625 per share for the period from January 1, 2023, to March 31, 2023, inclusive, on the common stock, par value $1.00, of the Company. This dividend is payable on March 15, 2023, to holders of record at the close of business on February 17, 2023.

Today, the company also declared a quarterly dividend of $1.00 per share for the period from January 1, 2023, to March 31, 2023, inclusive, on the cumulative $4.00 preferred stock of the Company. This dividend is also payable on March 15, 2023, to holders of record at the close of business on February 17, 2023.

About International Paper

International Paper (NYSE: IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. Additional information can be found by visiting InternationalPaper.com.

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SOURCE International Paper

FAQ

What is the dividend amount announced by International Paper for Q1 2023?

International Paper announced a quarterly dividend of $0.4625 per share for the period from January 1, 2023, to March 31, 2023.

When will the dividend be paid to shareholders?

The dividend will be payable on March 15, 2023, to holders of record at the close of business on February 17, 2023.

Is there a dividend for preferred stock from International Paper?

Yes, International Paper declared a dividend of $1.00 per share for its cumulative preferred stock for the same period.

What are the record dates for the dividends announced by International Paper?

The record date for both dividends is February 17, 2023.