Another winter deal in the books! International Paper Co (IP) arranged a fresh 52-week low through the mid-day session. 32.during the afternoon session 50. We have been watching IP paper for awhile and saw the dip as an chance to add another great dividend paying company our family’s dividend stocks portfolio.
Although we understand the price concerns, we believe that International Paper Co (IP) management has laid down the necessary foundations for the company to have a successful 2016 and beyond. We believe the high 4.7% yield provides a sensible entry point. We’ve no problems sitting down back and collecting the juicy 4.7% yield even as we await a turnaround. IP is the world’s leading maker of containerboards used to make corrugated dark brown boxes for shipping goods. With E-commerce continuously expected to develop, sales in this category should continue steadily to see steady growth. 3rd-quarter revenue of .97 cents for 2015 defeat estimates of .92 cents. IP has a dividend produce of 4.7% and has been increased for the past 5 yrs.
1.97Bil that allows it to keep to pay its high dividend and still have cash left for stock buyouts and company investment. Sales down in Industrial packaging, computer printer paper, and consumer product packaging. Concerns over pricing are working along the paper and packaging sector. Recent Downgrade from Citi. “International Paper Company is a paper and packaging company with primary markets and manufacturing functions in North America, Europe, Latin America, Russia, Asia, Africa and the center East.… Read more...