International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) has declared a quarterly dividend of $0.5125 per share for the period from April 1, 2021 to June 30, 2021, payable on June 15, 2021. This dividend will benefit shareholders on record by May 27, 2021. Additionally, the company has announced a regular quarterly dividend of $1.00 per share on its cumulative preferred stock, also payable on June 15, 2021. International Paper is a global leader in renewable fiber-based products, with $21 billion in net sales for 2020.

Positive

• Declared a quarterly dividend of $0.5125 per share, indicating ongoing shareholder returns.
• Company's strong financial position is highlighted with net sales of $21 billion in 2020.

Negative

• None.

MEMPHIS, Tenn., May 11, 2021 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.5125 per share for the period from April 1, 2021, to June 30, 2021, inclusive, on its common stock, par value $1.00. This dividend is payable on June 15, 2021, to holders of record at the close of business on May 27, 2021.

Today, the company also declared a regular quarterly dividend of $1.00 per share for the period from April 1, 2021, to June 30, 2021, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on June 15, 2021, to holders of record at the close of business on May 27, 2021.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce corrugated packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., employ approximately 48,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2020 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

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SOURCE International Paper

FAQ

What is the dividend amount declared by International Paper for Q2 2021?

International Paper declared a dividend of $0.5125 per share for the second quarter of 2021.

When is the dividend payable for International Paper?

The dividend is payable on June 15, 2021.

What is the record date for the dividend of International Paper?

The record date for the dividend is May 27, 2021.

Has International Paper declared any preferred stock dividends?

Yes, International Paper declared a quarterly dividend of $1.00 per share on its cumulative preferred stock.