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, 2022 to March 31, 2022. This dividend will be paid on March 15, 2022, to shareholders on record as of February 18, 2022. Additionally, a regular quarterly dividend of $1.00 per share on the cumulative $4.00 preferred stock was also announced for the same period, payable on the same date. This reaffirms the company's commitment to returning value to its shareholders.

Positive

• Declared a quarterly dividend of $0.4625 per share, indicating a commitment to shareholder returns.
• Regular dividend of $1.00 per share on preferred stock, reflecting strong financial health.

Negative

• None.

MEMPHIS, Tenn., Jan. 11, 2022 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.4625 per share for the period from January 1, 2022 to March 31, 2022, inclusive, on the common stock, par value $1.00. This dividend is payable on March 15, 2022 to holders of record at the close of business on February 18, 2022.

Today, the company also declared a regular quarterly dividend of $1.00 per share for the period from January 1, 2022 to March 31, 2022, inclusive, on the cumulative $4.00 preferred stock of the Company. This dividend is also payable on March 15, 2022 to holders of record at the close of business on February 18, 2022.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging and pulp products with manufacturing operations in North America, Latin America, North Africa and Europe. We produce packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal hygiene products that promote health and wellness. We are headquartered in Memphis, Tenn. and employ approximately 38,000 colleagues. Net sales for 2020 were $21 billion*. In Russia, the Company has a 50/50 joint venture, Ilim Group, the country's largest integrated manufacturer of pulp and paper and its largest foreign-domestic alliance in the forestry products sector. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

*Inclusive of our former pulp and paper mill in Kwidzyn, Poland, which was sold on August 6, 2021, and our former global papers business, which became a standalone, publicly traded company on October 1, 2021.

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SOURCE International Paper

FAQ

What is the dividend amount declared by International Paper on January 11, 2022?

International Paper declared a dividend of $0.4625 per share on common stock.

When is the payment date for the dividend declared on January 11, 2022?

The dividend will be payable on March 15, 2022.

What is the record date for the dividend payable on March 15, 2022?

The record date for the dividend is February 18, 2022.

Is there a preferred stock dividend announced by International Paper?

Yes, a quarterly dividend of $1.00 per share on the cumulative preferred stock was also declared.