Late on Monday, KeyBanc analysts initiated coverage on paper goods maker International Paper Company (IP) with a “Hold” rating.
KeyBanc analyst Adam J. Josephson said, “we think investor sentiment is appropriately optimistic and consensus estimates partially incorporate a second successful $50/ton containerboard price increase.”
International Paper shares were down 23 cents, or -0.51%, during pre-market trading on Tuesday. The stock is up 27.61% over the past year.
The Bottom Line
Shares of International Paper (IP) have a dividend yield of 2.64% based on last night’s closing price of $45.39 and the company’s annualized dividend payout of $1.20 per share.
International Paper Company (IP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.