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Increases cash dividend 17 percent to $1.40 per share annually
September 10, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper (IP) announced its board of directors has authorized a share repurchase program to acquire up to $1.5 billion of the company’s common stock. The company intends to repurchase such shares over the next two to three years in open market repurchase transactions. Also today, the company announced its board of directors is raising the company’s quarterly dividend by 17%. “The authorization of this repurchase program and the dividend increase reflect our contin...
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