International Paper (NYSE:IP) Announces Quarterly Dividend of $0.46

International Paper (NYSE:IP) declared a quarterly dividend on Tuesday, January 28th, RTT News reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.4625 per share by the basic materials company on Monday, March 17th. This represents a $1.85 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, February 24th.

International Paper has decreased its dividend payment by an average of 2.6% per year over the last three years. International Paper has a payout ratio of 50.4% 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 Down 0.8 %

Shares of NYSE IP opened at $55.62 on Friday. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 0.39 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $55.59 and its 200 day moving average is $52.63. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, equities research analysts expect that International Paper will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IP has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price target on shares of International Paper in a research report on Friday, January 31st. Bank of America began coverage on International Paper in a report on Thursday, February 13th. They set a “neutral” rating for the company. Truist Financial reiterated a “buy” rating and issued a $64.00 price target (down previously from $65.00) on shares of International Paper in a report on Friday, January 31st. Finally, BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.88.

Insider Buying and Selling

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $58.39, for a total transaction of $35,034.00. Following the completion of the transaction, the director now owns 37,145 shares of the company’s stock, valued at approximately $2,168,896.55. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by insiders.

International Paper Company Profile

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.