International Paper Increases its Annual Cash Dividend by 10%
ОРЕАНДА-НОВОСТИ. International Paper's (NYSE: IP) board of directors today increased the company's regular quarterly dividend by 10 percent from USD 0.40 to USD 0.44 per share for the period from October 1, 2015, to December 31, 2015, inclusive, on its common stock, par value USD 1.00. This increased regular dividend is payable on December 15, 2015, to shareholders of record at the close of business on November 16, 2015.
"This latest dividend increase reflects our confidence in the sustainability of our free cash flow generation and the future performance of our company," said Mark Sutton, Chairman and CEO of International Paper. "International Paper is focused on increasing shareholder value through a balanced allocation of capital, including returning a significant portion of our cash generation to our shareholders."
Additionally, the company also declared a regular quarterly dividend of USD 1.00 per share for the period from October 1, 2015, to December 31, 2015, inclusive, on the cumulative USD 4.00 preferred stock of the company. This dividend is also payable on December 15, 2015, to holders of record at the close of business on November 16, 2015.