International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) declared a quarterly dividend of $0.5125 per share for the period from July 1, 2021 to September 30, 2021. This dividend, payable on September 15, 2021, is for shareholders on record by August 16, 2021. Additionally, a regular quarterly dividend of $1.00 per share was announced for its cumulative preferred stock during the same period, also payable on September 15, 2021. International Paper is a leading producer of renewable fiber-based packaging and paper products with net sales of $21 billion in 2020.

Positive

• Declared a quarterly dividend of $0.5125 per share.
• Announced a regular quarterly dividend of $1.00 for preferred stock.
• Strong revenue performance with net sales of $21 billion in 2020.

Negative

• None.

MEMPHIS, Tenn., July 13, 2021 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.5125 per share for the period from July 1, 2021, to September 30, 2021, inclusive, on its common stock, par value $1.00. This dividend is payable on September 15, 2021, to holders of record at the close of business on August 16, 2021.

Today, the company also declared a regular quarterly dividend of $1.00 per share for the period from July 1, 2021, to September 30, 2021, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on September 15, 2021, to holders of record at the close of business on August 16, 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 July 2021?

International Paper declared a quarterly dividend of $0.5125 per share for the period from July 1, 2021, to September 30, 2021.

When will the dividend be paid to shareholders?

The dividend will be payable on September 15, 2021, to holders of record at the close of business on August 16, 2021.

What is the dividend declared for the preferred stock?

A regular quarterly dividend of $1.00 per share was declared for the cumulative preferred stock for the same period.

How much were International Paper's net sales in 2020?

International Paper reported net sales of $21 billion for the year 2020.