International Paper Company (NYSE:IP) Plans $0.46 Quarterly Dividend

International Paper Company (NYSE:IPGet Free Report) declared a quarterly dividend on Monday, October 13th, RTT News reports. Shareholders of record on Friday, November 14th will be paid a dividend of 0.4625 per share by the basic materials company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

International Paper has a payout ratio of 54.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect International Paper to earn $3.69 per share next year, which means the company should continue to be able to cover its $1.85 annual dividend with an expected future payout ratio of 50.1%.

International Paper Stock Performance

Shares of International Paper stock opened at $45.65 on Tuesday. The company has a market capitalization of $24.10 billion, a PE ratio of -456.50, a P/E/G ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.33. The company has a 50-day simple moving average of $47.17 and a two-hundred day simple moving average of $47.98. International Paper has a one year low of $43.27 and a one year high of $60.36.

International Paper (NYSE:IPGet Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.64 billion. International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The business’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Research analysts expect that International Paper will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IP. UBS Group reduced their target price on shares of International Paper from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. lowered International Paper from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $54.00 in a research note on Tuesday, August 5th. Zacks Research lowered International Paper from a “hold” rating to a “strong sell” rating in a research note on Monday, August 18th. Seaport Res Ptn lowered International Paper from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Truist Financial dropped their price target on International Paper from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.46.

View Our Latest Analysis on International Paper

About International Paper

(Get Free Report)

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.

See Also

Dividend History for International Paper (NYSE:IP)

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