International Paper Company (NYSE:IP – Get Free Report) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 22nd will be paid a dividend of 0.4625 per share by the basic materials company on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, May 22nd.
International Paper has decreased its dividend by an average of 0.0%annually over the last three years. International Paper has a dividend payout ratio of 54.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect International Paper to earn $2.73 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 67.8%.
International Paper Price Performance
Shares of International Paper stock opened at $31.99 on Thursday. International Paper has a one year low of $29.45 and a one year high of $56.13. The stock’s fifty day moving average is $35.66 and its 200 day moving average is $39.30. The stock has a market cap of $16.94 billion, a P/E ratio of -5.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 1.21.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price objective on International Paper from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Citigroup dropped their price target on International Paper from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Stifel Nicolaus reduced their price objective on shares of International Paper from $51.80 to $50.70 and set a “buy” rating on the stock in a research report on Monday, February 9th. UBS Group dropped their target price on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of International Paper from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.73.
View Our Latest Analysis on International Paper
International Paper Company Profile
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
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