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Decreases cash dividend 9.8% to $1.85 per share annually.
October 14, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper announced its board of directors has authorized a share repurchase program to acquire up to $2 billion of the company’s common stock. The new authorization is in addition to $1.3 billion remaining as of the end of the third quarter from a previous repurchase authorization. During the third quarter the company repurchased approximately $212 million in common stock at an average price of $59.13 per share. The company intends to continue repurchasing such shares in open m...
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