International Paper Company (NYSE:IP) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.5125 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 4.21 percent. Shareholders who purchased IP shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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International Paper Company recently reported second quarter financial results on July 30, 2020, before market open, the Memphis based company unwinded income for the second quarter of $ 0.77 per share, from the revenue of $ 4,866.00 million. The quarterly earnings dropped 33.04 percent while revenues dropped 14.13 percent compared with the same quarter last year.
Street analysts expected International Paper Company recently reported second quarter financial results on July 30, 2020, before market open, the Memphis based company to report income of $ 0.39 per share on revenue of $ 4973.23 million for the second quarter. The bottom line results beat street analysts by $ 0.38 or 97.44 percent, at the same time, top line results fell short of analysts by $ 107.23 million or 2.16 percent.
Stock Performance
Shares of International Paper Company traded low $ -0.15 or -0.31 percent on Wednesday, reaching $ 48.67 with volume of 3.25 million shares. International Paper Company has traded high as $ 49.28 and has cracked $ 48.09 on the downward trend
The closing price of $ 48.67, representing a 85.06 % increase from the 52 week low of $ 26.38 and a 3 % decrease over the 52 week high of $ 50.33.
The company has a market capital of $ 19.13 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating Kraft.
