Aggressive · Stocks to Consider and Updates

International Paper Hikes Dividend

Memphis-based International Paper Co. (NYSE: IP – $41.56) declared a quarterly dividend of $0.5125 per share for the period from October 1, 2019, to December 31, 2019, a 2.5% increase over the previous payout. The dividend is payable on December 16, 2019, to holders of record at the close of business on November 15, 2019. The new annualized dividend of $2.05 per share yields investors 4.93% at current quotations. The shares have recovered a bit on trade talk developments, but still continue to trade at a depressed valuation, which I believe enhances the stock’s 3- to 5-year total return recovery potential.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s