Company: International Paper Co. (IP)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one third of the North American corrugated packaging market. Though it has operations in Brazil, India, and China, more than three fourths of its sales come from North America. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing. -Morningstar.com-
Symbol: IP
Recent Price: $45.03
Dividends: $1.85
Yield: 4.11%
Sector: Consumer Cyclical
Industry: Packaging & Containers
Address & Company Phone #: 6400 Poplar Avenue Memphis TN 38197, 901-419-9000
Transfer Agent: Computershare 800-678-8715
Moody’s Rating: Baa2
Minimum & Maximum Investment: $50 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $500
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh. Cert: $0! Sells: by Mail or Phone for $25+12¢/sh.
52 Week High & Low: $47.40, $30.78