International Paper Company ( IP ) will begin trading ex-dividend on August 11, 2017. A cash dividend payment of $0.463 per share is scheduled to be paid on September 15, 2017. Shareholders who purchased IP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that IP has paid the same dividend. At the current stock price of $53.41, the dividend yield is 3.47%.
The previous trading day's last sale of IP was $53.41, representing a -9.4% decrease from the 52 week high of $58.95 and a 22.64% increase over the 52 week low of $43.55.
IP is a part of the Basic Industries sector, which includes companies such as Fibria Celulose S.A. ( FBR ) and Domtar Corporation ( UFS ). IP's current earnings per share, an indicator of a company's profitability, is $1.97. Zacks Investment Research reports IP's forecasted earnings growth in 2017 as 4.31%, compared to an industry average of -1.7%.
Interested in gaining exposure to IP through an Exchange Traded Fund [ETF]?
The following ETF(s) have IP as a top-10 holding:
- Guggenheim MSCI Global Timber ETF ( CUT )
- Guggenheim S&P 500 Equal Weight Materials ETF ( RTM )
- iShares S&P Global Timber & Forestry Index Fund ( WOOD )
- Materials Select Sector SPDR ( XLB )
- PowerShares DWA Basic Materials Momentum Portfolio ( PYZ ).
The top-performing ETF of this group is WOOD with an increase of 6.91% over the last 100 days. CUT has the highest percent weighting of IP at 5.34%.