International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) declared a quarterly dividend of $0.4625 per share for common stock, payable on December 15, 2022, to shareholders on record as of November 15, 2022. Additionally, a dividend of $1.00 per share for the cumulative preferred stock is also declared for the same period, with the same payment date. The company's net sales in 2021 were $19.4 billion. International Paper specializes in renewable fiber-based products and operates globally, employing approximately 38,000 colleagues.

Positive

• Quarterly dividend of $0.4625 per share declared for common stock.
• Additional dividend of $1.00 per share for cumulative preferred stock.
• Demonstrates the company's commitment to returning value to shareholders.

Negative

• None.

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

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

About International Paper

International Paper (NYSE: IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. Additional information can be found by visiting InternationalPaper.com.

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SOURCE International Paper

FAQ

What is the dividend amount declared by International Paper in October 2022?

International Paper declared a dividend of $0.4625 per share for common stock and $1.00 per share for cumulative preferred stock.

When is the dividend payment date for International Paper?

The dividend payment date is December 15, 2022.

Who is eligible to receive the dividend from International Paper?

Shareholders on record as of November 15, 2022, are eligible to receive the dividend.

What period does the declared dividend cover?

The declared dividend covers the period from October 1, 2022, to December 31, 2022.

What were International Paper's net sales in 2021?

International Paper's net sales for 2021 were $19.4 billion.