International Paper Company (IP) Ex-Dividend Date Scheduled for February 13, 2013


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International Paper Company ( IP ) will begin trading ex-dividend on February 13, 2013. A cash dividend payment of $0.3 per share is scheduled to be paid on March 15, 2013. Shareholders who purchased IP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 14.29% increase over the same period a year ago.

The previous trading day's last sale of IP was $42.6, representing a -0.7% decrease from the 52 week high of $42.90 and a 56.1% increase over the 52 week low of $27.29.

IP is a part of the Basic Industries sector, which includes companies such as Fibria Celulose S.A. ( FBR ) and Meadwestvaco Corporation ( MWV ). IP's current earnings per share, an indicator of a company's profitability, is $1.81. Zacks Investment Research reports IP's forecasted earnings growth in 2013 as 36.14%, compared to an industry average of 4.2%.

For more information on the declaration, record and payment dates, visit the IP Dividend History page.

Interested in gaining exposure to IP through an Exchange Traded Fund [ETF]?
The following ETF(s) have IP as a top-10 holding:

  • Guggenheim Timber ETF ( CUT )
  • iShares S&P Global Timber &Forestry Index Fund ( WOOD )
  • Select Sector SPDR Fund - Basic Industries ( XLB )
  • iShares Dow Jones U.S. Basic Materials Index ( IYM )
  • Guggenheim S&P 500 Equal Weight Materials ETF ( RTM ).

The top-performing ETF of this group is CUT with an increase of 15.41% over the last 100 days. It also has the highest percent weighting of IP at 4.68%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines Stocks

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