WATCH LIVE
International Paper Plans to Seek Higher Dividend This Year
By Christopher Donville -
2013-01-29T12:47:54Z
International Paper Co (IP), the world’s largest manufacturer of cardboard shipping containers, plans to ask the company’s board to raise the dividend later this year.
Chief Executive Officer John Faraci said he expects the company will have sufficient cash flow to approve the higher payout. He spoke today in a telephone interview after the Memphis-based company reported its fourth-quarter earnings.
To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net
To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.