International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) has declared a quarterly dividend of $0.5125 per share, effective for the period from January 1 to March 31, 2021. This payment will be made on March 15, 2021, to shareholders on record by February 18, 2021. Additionally, a regular quarterly dividend of $1.00 per share for its cumulative preferred stock has also been declared, with the same payment schedule. International Paper is a prominent global producer of renewable fiber-based products.

Positive

• Declaring a quarterly dividend of $0.5125 per share boosts shareholder income.
• The preferred stock dividend of $1.00 indicates strong company confidence.

Negative

• None.

MEMPHIS, Tenn., Jan. 12, 2021 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.5125 per share for the period from January 1, 2021, to March 31, 2021, inclusive, on its common stock, par value $1.00. This dividend is payable on March 15, 2021, to holders of record at the close of business on February 18, 2021.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from January 1, 2021, to March 31, 2021, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on March 15, 2021, to holders of record at the close of business on February 18, 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 worldwide 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 48,000 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 Q1 2021?

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

When will the dividend be paid to shareholders?

The dividend will be paid on March 15, 2021.

What is the record date for International Paper's dividend?

The record date for the dividend is February 18, 2021.

Is there a preferred stock dividend declared by International Paper?

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