International Paper Company ( IP ) will begin trading ex-dividend on February 11, 2016. A cash dividend payment of $0.44 per share is scheduled to be paid on March 15, 2016. Shareholders who purchased IP prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10% increase over the same period a year ago.
The previous trading day's last sale of IP was $35.13, representing a -39.33% decrease from the 52 week high of $57.90 and a 8.09% increase over the 52 week low of $32.50.
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 $2.13. Zacks Investment Research reports IP's forecasted earnings growth in 2016 as -10.36%, compared to an industry average of 10.7%.
For more information on the declaration, record and payment dates, visit the IP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to IP through an Exchange Traded Fund [ETF]?
The following ETF(s) have IP as a top-10 holding:
- Guggenheim S&P 500 Equal Weight Materials ETF ( RTM )
- iShares S&P Global Timber & Forestry Index Fund ( WOOD )
- PowerShares DWA Basic Materials Momentum Portfolio ( PYZ )
- Vanguard Materials ETF - DNQ ( VAW ).
The top-performing ETF of this group is PYZ with an decrease of -9.47% over the last 100 days. RTM has the highest percent weighting of IP at 3.98%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.