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International Paper Increases its Annual Cash Dividend by 2.5% to $2.05 Per Share

Wednesday, October 09, 2019

Press release from the issuing company

Memphis, Tenn. – International Paper today declared a quarterly dividend of $ 0.5125 per share for the period from October 1, 2019, to December 31, 2019, inclusive, on its common stock, par value $1.00. This dividend is payable on December 16, 2019, to holders of record at the close of business on November 15, 2019.

"This marks our tenth consecutive annual dividend increase and reinforces our policy of a strong and sustainable payout of 40 to 50% of free cash flow as an important part of our capital allocation strategy," said Mark Sutton, Chairman and CEO.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from October 1, 2019, to December 31, 2019, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on December 16, 2019, to holders of record at the close of business on November 15, 2019

 

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