International Paper Company (NYSE:IP) announced a quarterly dividend on Tuesday, January 9th, RTT News reports. Shareholders of record on Wednesday, February 21st will be given a dividend of 0.475 per share by the basic materials company on Thursday, March 15th. This represents a $1.90 dividend on an annualized basis and a yield of 3.09%.

International Paper has raised its dividend by an average of 8.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. International Paper has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect International Paper to earn $4.48 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 42.4%.

International Paper (IP) traded down $0.66 during midday trading on Tuesday, reaching $61.49. The company’s stock had a trading volume of 2,480,000 shares, compared to its average volume of 2,100,000. International Paper has a twelve month low of $49.60 and a twelve month high of $62.44. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $25,390.00, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47.

International Paper (NYSE:IP) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts expect that International Paper will post 3.51 earnings per share for the current year.

Several research firms have recently commented on IP. Zacks Investment Research downgraded International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Deutsche Bank reiterated a “hold” rating and issued a $56.00 price objective (up previously from $54.00) on shares of International Paper in a report on Monday, October 9th. KeyCorp reiterated a “hold” rating on shares of International Paper in a report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of International Paper in a report on Monday, October 23rd. Finally, Stephens began coverage on International Paper in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $62.75.

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About International Paper

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

Dividend History for International Paper (NYSE:IP)

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