International Paper Co Stock Price, News & Analysis

International Paper (NYSE: IP) declared a quarterly dividend of $0.5125 per share for the period from July 1, 2021 to September 30, 2021. This dividend, payable on September 15, 2021, is for shareholders on record by August 16, 2021. Additionally, a regular quarterly dividend of $1.00 per share was announced for its cumulative preferred stock during the same period, also payable on September 15, 2021. International Paper is a leading producer of renewable fiber-based packaging and paper products with net sales of $21 billion in 2020.

International Paper has been recognized as one of the 2021 Best Places to Work in IT by IDG's Insider Pro and Computerworld, marking its twelfth consecutive year on the list. Rankings were based on extensive surveys and a comprehensive questionnaire regarding benefits, career development, and worker satisfaction. With 1,400 IT professionals supporting 48,000 global staff, the company's commitment to excellence during the pandemic was highlighted by VP Bob Wenker. International Paper reported net sales of $21 billion in 2020 and operates in various regions around the globe.

International Paper (NYSE: IP) is set to release its second-quarter earnings on July 29, 2021, before the market opens. A webcast to discuss earnings and market conditions will start at 10 a.m. ET. Interested participants can join via the company’s website or by teleconference. The company, based in Memphis, Tenn., is a leading producer of renewable fiber-based packaging and paper products with net sales of $21 billion in 2020. The event will allow stakeholders to gain insights into the company’s performance and outlook.

On June 21, 2021, International Paper Company (NYSE: IP) announced pricing terms for a cash tender offer to purchase up to $700 million of its outstanding notes. The offer includes four series of notes with varying maturity dates. Holders whose notes are accepted will receive accrued interest and total consideration based on the Reference Yield plus a fixed spread. Due to oversubscription, only specific notes were accepted for purchase, while others were not. The offer is subject to certain conditions and is managed by Deutsche Bank Securities Inc.

International Paper Company (NYSE: IP) announced early results on its cash tender offer, with an aggregate purchase price of up to $700 million for several outstanding notes. As of June 18, 2021, the company received tender offers totaling $410.7 million for 4.400% Notes due 2047, $313.97 million for 4.350% Notes due 2048, $291.01 million for 4.80% Notes due 2044, and $135.855 million for 5.000% Notes due 2035. The early settlement is expected on June 22, 2021, with the expiration date extended to July 6, 2021.

International Paper Company (NYSE: IP) has announced a cash tender offer for up to $700 million of its outstanding notes, including the 4.400% Notes due 2047, 4.350% Notes due 2048, 4.80% Notes due 2044, and 5.000% Notes due 2035. The offer began on June 7, 2021 and expires at 11:59 p.m. on July 2, 2021. Holders of the notes are encouraged to tender by June 18, 2021 to qualify for the Total Consideration. The company aims to reduce debt and optimize its capital structure through this initiative.

International Paper has finalized the sale of its ownership stake in Olmuksan International Paper to Mondi Group. The Olmuksan business comprises five corrugated packaging plants with a total annual converting capacity of 300,000 tons. This transaction aligns with International Paper's strategy to focus on attractive markets from a competitive position while emphasizing the importance of corrugated packaging in the EMEA region.

International Paper (NYSE: IP) launched the Signature Pro Bono Initiative on May 20, 2021, aimed at providing legal aid to underserved communities in Tennessee. The initiative, in collaboration with various legal organizations, will focus on expungement, voter rights restoration, and driver's license reinstatement. Over 130 legal professionals participated in the virtual kickoff event, with an appeal for more volunteers to advocate for justice. This initiative is seen as a significant effort to address challenges in the criminal justice system.

International Paper (NYSE: IP) Chairman and CEO Mark Sutton will participate in a fireside chat at the KeyBanc Industrials & Basic Materials Virtual Conference on June 3, 2021, starting at 11:20 a.m. EST. Interested listeners can access the live webcast through International Paper's website under the 'Performance' section. A recording of the event will be available approximately three hours after the presentation. International Paper is a top global producer in renewable fiber-based packaging and paper products, with 2020 net sales of $21 billion.