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

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

International Paper Increases its Annual Cash Dividend by 10% to $1.76 per share

October 13, 2015 4:01 PM EDT

MEMPHIS, Tenn., Oct. 13, 2015 /PRNewswire/ -- International Paper's (NYSE: IP) board of directors today increased the company's regular quarterly dividend by 10 percent from $0.40 to $0.44 per share for the period from October 1, 2015, to December 31, 2015, inclusive, on its common stock, par value $1.00. This increased regular dividend is payable on December 15, 2015, to shareholders of record at the close of business on November 16, 2015.

"This latest dividend increase reflects our confidence in the sustainability of our free cash flow generation and the future performance of... More