Bloomberg News

International Paper Plans to Seek Higher Dividend This Year

January 29, 2013

International Paper Co (IP:US), the world’s largest manufacturer of cardboard shipping containers, plans to ask the company’s board to raise the dividend later this year.

Chief Executive Officer John Faraci said he expects the company will have sufficient cash flow to approve the higher payout. He spoke today in a telephone interview after the Memphis-based company reported its fourth-quarter earnings.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • IP
    (International Paper Co)
    • $45.8 USD
    • 0.34
    • 0.75%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus