IP - International Paper: The 4.8% Dividend Is Very Safe
Introduction
International Paper (IP) has always been an interesting company as it is a dominant player in the packaging landscape with its 41 mills, 207 converting and packaging plants, and 18 recycling plants. The company also has a relatively strong level of self-sufficiency as it owns or manages in excess of 100,000 hectares of forestland in Brazil and has harvesting rights on Russian forestlands owned by the government. The company has been a good dividend payer, and in this article, I will have a closer look at the coverage of the current 4.8%