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

Key Points

• International Paper Company declared a quarterly dividend of $0.46 per share, payable on December 16th to stockholders of record as of November 14th, representing an annualized yield of 4.1%.
• The company reported a decrease in earnings per share to $0.20 for the last quarter, missing analyst expectations, while revenue increased year-over-year by 42.9% to $6.77 billion.
• Analysts have mixed ratings on the stock, with six ratings for Buy, three for Hold, and four for Sell, reflecting a current average rating of "Hold" with a consensus price target of $53.46.

International Paper Company (NYSE:IP - Get Free Report) announced a quarterly dividend on Monday, October 13th, RTT News reports. Stockholders 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) annualized dividend and a dividend yield of 4.1%.

International Paper has a dividend payout ratio of 54.7% indicating that 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 0.1%

IP traded down $0.04 on Monday, reaching $45.65. The company's stock had a trading volume of 4,240,250 shares, compared to its average volume of 5,990,406. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of -456.50, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. International Paper has a 1 year low of $43.27 and a 1 year high of $60.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96. The business's 50 day moving average is $47.17 and its 200 day moving average is $48.04.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same period last year, the business posted $0.55 EPS. The company's revenue for the quarter was up 42.9% on a year-over-year basis. As a group, research analysts forecast that International Paper will post 2.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on IP shares. Zacks Research cut International Paper from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. UBS Group reduced their target price on International Paper from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Wells Fargo & Company upped their price objective on shares of International Paper from $43.00 to $44.00 and gave the company an "underweight" rating in a research report on Tuesday, October 7th. Weiss Ratings restated a "hold (c-)" rating on shares of International Paper in a research note on Saturday, September 27th. Finally, Jefferies Financial Group cut their price objective on shares of International Paper from $61.00 to $59.00 and set a "buy" rating for the company in a research report on Friday, September 26th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $53.46.

About International Paper

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.