International Paper Declares Dividend

Rhea-AI Summary

International Paper (NYSE: IP) declared a quarterly dividend of $0.5125 per share, payable on September 15, 2020, to holders of record by August 14, 2020. This dividend covers the period from July 1, 2020 to September 30, 2020. Additionally, a regular quarterly dividend of $1.00 per share for preferred stock was announced, also payable on September 15, 2020. International Paper, headquartered in Memphis, Tenn., reported $22 billion in net sales for 2019 and serves over 25,000 customers globally.

Positive

• Quarterly dividend of $0.5125 per share reflects company confidence.
• Preferred stock dividend of $1.00 per share further increases shareholder income.

Negative

• None.

MEMPHIS, Tenn., July 14, 2020 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.5125 per share for the period from July 1, 2020, to September 30, 2020, inclusive, on its common stock, par value $1.00. This dividend is payable on September 15, 2020, to holders of record at the close of business on August 14, 2020.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from July 1, 2020, to September 30, 2020, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on September 15, 2020, to holders of record at the close of business on August 14, 2020.

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 world-wide 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 50,000 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 in 2020?

International Paper declared a quarterly dividend of $0.5125 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 15, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is August 14, 2020.

What was International Paper's net sales for 2019?

International Paper reported net sales of $22 billion for 2019.

How many customers does International Paper serve globally?

International Paper serves over 25,000 customers worldwide.