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International Paper Buyback

OLI recorded this information on 10/9/2018

Company: International Paper
Buyback: IP buyback
$Amount Authorized: $2,000,000,000
Buyback Details: International Paper (NYSE: IP) today announced its board of directors has authorized a share repurchase program to acquire up to $2.0 billion of the company's common stock. The new authorization is in addition to $430 million remaining as of the end of the third quarter from a previous repurchase program. During the third quarter the company repurchased approximately $200 million in common stock at an average price of $52.03 per share. The company intends to continue repurchasing such shares in open market transactions. The company's board of directors also raised the quarterly common stock dividend by $0.025 per share or 5.3%, which brings the per share dividend to $2.00 annually.

International Paper is a producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, India and Russia. Co.'s segments are: Industrial Packaging, which manufactures containerboard, such as linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; Global Cellulose Fibers, which produces fluff pulp for making absorbent hygiene products like baby diapers, feminine care, adult incontinence and other non-woven products; and Printing Papers, which produces printing and writing papers, such as uncoated papers for use in copiers, desktop and laser printers and digital imaging.

International Paper SEC Filing Email Alerts Service

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Company Name: 
International Paper Co
Stock buyback: 
IP buyback
Website: 
www.internationalpaper.com
Sector: 
Packaging & Containers
Number of ETFs Holding IP: 
85
Total Market Value Held by ETFs: 
$2.19B
Total Market Capitalization: 
$13.86B
% of Market Cap. Held by ETFs: 
15.83%
 

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Hold (2.30 out of 4)
11st percentile
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
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