10.09.2013 23:53:54
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International Paper Board Boosts Dividend, Authorizes $1.5 Bln Share Repurchase
(RTTNews) - The Board of Directors of International Paper (IP) Tuesday authorized a share repurchase program to acquire up to $1.5 billion of the company's common stock.
The repurchase of shares is expected to done over the next 2-3 years in open market repurchase transactions.
Additionally, the board has raised the company's quarterly dividend by 17 percent to $0.35 per share from $0.30.
The dividend is payable December 16, to holders of record at the close of business on November 15.
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Aktien in diesem Artikel
International Paper Co. | 52,24 | -0,53% |
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