International Paperannounced yesterday its third-quarter dividend of $0.30 per share, the same rate it's paid for the past three quarters after raising the payout 14% from $0.2625 per share.
The board of directors said the quarterly dividend is payable on Sept. 16 to the holders of record at the close of business on Aug. 15. The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 2.6% based on the closing price of International Paper's stock on July 9.
The article International Paper Keeps Dividend Steady originally appeared on Fool.com.
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