International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) declared a quarterly dividend of $0.5125 per share for the period from October 1 to December 31, 2020. This dividend is payable on December 15, 2020, to shareholders on record by November 16, 2020. Additionally, the company announced a quarterly dividend of $1.00 per share on its cumulative preferred stock, also payable on December 15, 2020. International Paper is a prominent global producer of renewable fiber-based products with net sales of $22 billion in 2019, serving over 25,000 customers worldwide.

Positive

• Quarterly dividend of $0.5125 per share signals financial stability.
• Cumulative preferred stock dividend of $1.00 demonstrates commitment to shareholders.

Negative

• None.

MEMPHIS, Tenn., Oct. 13, 2020 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.5125 per share for the period from October 1, 2020, to December 31, 2020, inclusive, on its common stock, par value $1.00. This dividend is payable on December 15, 2020, to holders of record at the close of business on November 16, 2020.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from October 1, 2020, to December 31, 2020, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on December 15, 2020, to holders of record at the close of business on November 16, 2020.

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 more than 50,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2019 were $22 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 Q4 2020?

International Paper declared a quarterly dividend of $0.5125 per share for Q4 2020.

When will the dividend be paid to shareholders?

The dividend will be paid on December 15, 2020.

What is the record date to receive the dividend?

The record date for the dividend is November 16, 2020.

Is there a dividend for preferred stock?

Yes, there is a quarterly dividend of $1.00 per share on the cumulative preferred stock.

What are the sales figures for International Paper in 2019?

International Paper reported net sales of $22 billion in 2019.