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International Paper Declared a Dividend of $0.44 per Share

Gabriel Kane - Author

Aug. 18 2020, Updated 5:19 a.m. ET

Price movement

International Paper (IP) fell by 0.31% and closed at $41.97 per share at the end of the second week of May 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -0.31%, 2.4%, and 12.8%, respectively, as of the same day. This means that International Paper is trading 1.8% below its 20-day moving average, 1.8% above its 50-day moving average, and 5.6% above its 200-day moving average.

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Related ETF and peers

The Guggenheim Timber ETF (CUT) invests 4.0% of its holdings in International Paper. CUT tracks the Beacon Global Timber Index—an index that uses a multifactor selection process to identify global timber stocks with the greatest risk or return potential. CUT’s YTD price movement was -1.8% as of May 13, 2016.

The market caps of International Paper’s competitors are as follows:

  • Packaging Corporation of America (PKG) – $6.2 billion
  • Domtar (UFS) – $2.4 billion
  • KapStone Paper and Packaging (KS) – $1.4 billion

International Paper declared a dividend

International Paper declared a quarterly dividend of $0.44 per share on its common stock. The dividend will be paid on June 15, 2016, to shareholders of record at the close of business on May 27, 2016.

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Performance in fiscal 1Q16

International Paper reported fiscal 1Q16 net sales of $5.1 billion—a fall of 7.4% from net sales of $5.5 billion in fiscal 1Q15. Sales from the industrial packaging, printing paper, and consumer packaging segments fell by 2.8%, 3.6%, and 36.4%, respectively, between fiscals 1Q15 and 1Q16. It reported net losses on sales and impairment of businesses of $37.0 million in fiscal 1Q16.

Its net income and EPS (earnings per share) rose to $334.0 million and $0.81, respectively, in fiscal 1Q16—compared to $313.0 million and $0.74 in fiscal 1Q15.

International Paper’s cash and temporary investments rose by 10% and its inventories fell by 0.49% between fiscal 1Q15 and 1Q16. In fiscal 1Q16, its current ratio rose to 1.66x and its long-term DE (debt-to-equity) ratio fell to 2.1x—compared with the current and long-term DE ratios of 1.65x and 2.3x, respectively, in fiscal 4Q15. It reported free cash flow of $311.0 million in fiscal 1Q16.

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