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%.
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%.