International Paper (IP) Raises Quarterly Dividend 10% to $0.44; 4.2% Yield

International Paper (NYSE: IP) declared a quarterly dividend of $0.44 per share, or $1.76 annualized. This is a 10% increase from the prior dividend of $0.40.

The dividend will be payable on December 15, 2015, to stockholders of record on November 16, 2015, with an ex-dividend date of November 12, 2015.

The annual yield on the dividend is 4.2 percent.

"This latest dividend increase reflects our confidence in the sustainability of our free cash flow generation and the future performance of our company," said Mark Sutton, Chairman and CEO of International Paper. "International Paper is focused on increasing shareholder value through a balanced allocation of capital, including returning a significant portion of our cash generation to our shareholders."

Additionally, the company also declared a regular quarterly dividend of $1.00 per share for the period from October 1, 2015, to December 31, 2015, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on December 15, 2015, to holders of record at the close of business on November 16, 2015.

For a dividend history and other dividend-related data on International Paper (IP) click here.

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