International Paper Declares Quarterly Dividend

Rhea-AI Summary

International Paper (NYSE: IP) announced a quarterly dividend of $0.4625 per share for common stock, covering the period from April 1, 2024, to June 30, 2024. The dividend is payable on June 14, 2024, to shareholders of record by May 24, 2024.

The company also declared a $1.00 per share dividend for its cumulative $4.00 preferred stock for the same period, also payable on June 14, 2024, to shareholders of record by May 24, 2024.

Positive

• Quarterly dividend payment of $0.4625 per share for common stock enhances shareholder value.
• Quarterly dividend payment of $1.00 per share for preferred stock provides stable returns for preferred shareholders.
• Consistent dividend payouts indicate financial stability and confidence in sustained earnings.

Negative

• Dividend payments may limit cash reserves available for reinvestment or other business activities.

MEMPHIS, Tenn., May 14, 2024 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.4625 per share for the period from April 1, 2024, to June 30, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on June 14, 2024, to holders of record at the close of business on May 24, 2024.

Today, the company also declared a quarterly dividend of $1.00 per share for the period from April 1, 2024, to June 30, 2024, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on June 14, 2024, to holders of record at the close of business on May 24, 2024.

About International Paper
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and other fiber-based products, and one of the world's largest recyclers. Headquartered in Memphis, Tenn., we employ approximately 39,000 colleagues globally who are committed to creating what's next. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2023 were $18.9 billion. Additional information can be found by visiting internationalpaper.com.

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SOURCE International Paper

FAQ

What is the quarterly dividend declared by International Paper for common stock?

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

When will International Paper pay the declared quarterly dividends?

The dividends will be paid on June 14, 2024.

What is the record date for International Paper's quarterly dividends?

Shareholders must be on record by the close of business on May 24, 2024, to receive the dividends.

What is the quarterly dividend declared by International Paper for preferred stock?

International Paper declared a quarterly dividend of $1.00 per share for its cumulative $4.00 preferred stock.