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Increases cash dividend 5.3% to $2.00 per share annually.
October 10, 2018
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 $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 tran...
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