International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) declared a quarterly dividend of $0.4625 per share for the period of July 1, 2022, to September 30, 2022, payable on September 15, 2022. Shareholders of record must hold their shares by the close of business on August 15, 2022. Additionally, a regular quarterly dividend of $1.00 per share on the cumulative preferred stock was also announced for the same period, with identical payment terms. International Paper is a major supplier of renewable fiber-based products, with net sales reaching $19.4 billion in 2021.

Positive

• Quarterly dividend of $0.4625 per share declared, reflecting shareholder income.
• Regular quarterly dividend of $1.00 per share on preferred stock supports investor confidence.
• Strong financial performance with net sales of $19.4 billion in 2021.

Negative

• None.

MEMPHIS, Tenn., July 12, 2022 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.4625 per share for the period from July 1, 2022, to September 30, 2022, inclusive, on the common stock, par value $1.00. This dividend is payable on September 15, 2022, to holders of record at the close of business on August 15, 2022.

Today, the company also declared a regular quarterly dividend of $1.00 per share for the period from July 1, 2022, to September 30, 2022, inclusive, on the cumulative $4.00 preferred stock of the Company. This dividend is also payable on September 15, 2022, to holders of record at the close of business on August 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 payment date for International Paper in 2022?

The dividend is payable on September 15, 2022.

What is the amount of the quarterly dividend declared by International Paper?

International Paper declared a quarterly dividend of $0.4625 per share.

When is the record date for the dividend payment?

The record date for the dividend payment is August 15, 2022.

What are the terms for preferred stock dividends from International Paper?

A regular quarterly dividend of $1.00 per share will be paid on cumulative preferred stock.