SmarterDividends
IP

International Paper Company

IP

Consumer Cyclical · Packaging & Containers · Stock · quarterly payer

$33.40

Fairly valued · +10% Add to Portfolio

Forward Yield

5.54%

Annual Dividend

$1.85

Payout Ratio

402%

5-Yr Growth

-1.0%

Ex-Date

Nov 16, 2026

Frequency

Quarterly

Key facts about IP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, International Paper Company (IP) has a forward dividend yield of 5.54%, based on an annual dividend of $1.85 per share and a share price of $33.40.
  • As of Oct 27, 2026, IP's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
  • IP last cut its regular dividend in 2022.
  • IP's next ex-dividend date is Nov 16, 2026, with payment on Dec 15, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, IP pays out 402% of its trailing 12-month earnings as dividends (its payout ratio).
  • IP's dividend has shrunk at an average rate of 1.0% a year over the past five years.
  • As of Oct 27, 2026, IP's 5.54% yield is 29% above its five-year average yield of 4.29%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for IP is $36.66 per share, 10% above the $33.40 share price, so IP screens as fairly valued.
  • International Paper Company (IP) pays its dividend quarterly, 4 times a year.
  • International Paper Company (IP) has raised its regular dividend 19 times and cut it 2 times across the 228 payments on record since 1970. Its most recent change was a 4.7% cut to $0.463 per share, going ex-dividend on Nov 12, 2021.
Cite this page

SmarterDividends, "IP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/IP

Summary

As of Oct 27, 2026, International Paper Company (IP) yields 5.54% ($1.85 a year per share) and has a dividend safety grade of C (64/100).

Is IP a good dividend stock?

Yes, with caveats

International Paper Company (IP) pays a quarterly dividend yielding 5.54% ($1.85/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2022
    • Elevated payout ratio (402%)
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    5.54%
    Payout Ratio
    402%
    Annual Dividend
    $1.85
    5-Yr Avg Growth
    -1.0%
    Ex-Dividend Date
    Nov 16, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.89
    Market Cap
    $17.7B
    P/E Ratio
    —
    5-Yr Total Return
    -27%
    52-Week Range
    $29.26 – $50.25
    Dividend Safety
    C · 64/100
    Ever Cut?
    Yes (2022)

    IP dividend raises and cuts

    International Paper Company (IP) has raised its regular dividend 19 times and cut it 2 times across the 228 payments on record since 1970. Its most recent change was a 4.7% cut to $0.463 per share, going ex-dividend on Nov 12, 2021.

    Ex-dateChangeOld → newMove
    Nov 12, 2021Cut$0.486 → $0.463−4.7%
    Nov 14, 2019Raise$0.473 → $0.486+2.6%
    Nov 14, 2018Raise$0.450 → $0.473+5.3%
    Nov 14, 2017Raise$0.438 → $0.450+2.6%
    Nov 10, 2016Raise$0.417 → $0.438+5.2%
    Nov 12, 2015Raise$0.379 → $0.417+10.0%
    Nov 13, 2014Raise$0.331 → $0.379+14.3%
    Aug 13, 2014Raise$0.327 → $0.331+1.4%
    Nov 13, 2013Raise$0.280 → $0.327+16.7%
    Nov 13, 2012Raise$0.246 → $0.280+14.1%
    May 13, 2011Raise$0.176 → $0.246+39.9%
    Feb 11, 2011Raise$0.117 → $0.176+50.4%
    Show all 21 changes since 1974
    Ex-dateChangeOld → newMove
    May 13, 2010Raise$0.0233 → $0.117+400.0%
    May 14, 2009Cut$0.233 → $0.0233−90.0%
    Aug 16, 1995Raise$0.196 → $0.233+19.0%
    Nov 17, 1989Raise$0.173 → $0.196+13.5%
    Feb 17, 1989Raise$0.152 → $0.173+13.8%
    May 16, 1988Raise$0.140 → $0.152+8.3%
    Feb 19, 1980Raise$0.128 → $0.140+9.1%
    Feb 20, 1979Raise$0.117 → $0.128+10.0%
    Aug 19, 1974Raise$0.0876 → $0.117+33.3%
    Every IP payment →Download every raise and cut (CSV)
    IP ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →IP dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is IP a good dividend stock?

    Yes, with caveats. International Paper Company (IP) pays a quarterly dividend yielding 5.54% ($1.85/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is IP undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, IP's fair value is about $36.66 versus a $33.40 share price — so it looks fairly valued (+10% vs. fair value).

    Is IP's dividend safe?

    IP has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is IP's fair value?

    Our blended fair-value estimate for IP is about $36.66 per share, roughly 10% above the current $33.40 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is IP a buy, hold, or sell?

    We don't issue formal ratings, but on the data IP screens as "yes, with caveats" and fairly valued. International Paper Company (IP) pays a quarterly dividend yielding 5.54% ($1.85/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will IP cut its dividend?

    IP earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does IP pay a dividend?

    Yes. International Paper Company pays a quarterly dividend of about $1.85 per share annually, a forward yield of roughly 5.54%.

    What is IP's dividend yield?

    As of Oct 27, 2026, IP's forward dividend yield is 5.54%, based on a $1.85 annual dividend and a $33.40 share price.

    What is IP's dividend per share?

    As of Oct 27, 2026, IP pays $1.85 per share per year, distributed on a quarterly basis.

    What is IP's dividend payout ratio?

    As of Oct 27, 2026, IP's payout ratio is 402% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has IP grown its dividend?

    IP does not currently have a long dividend-growth streak on record.

    When is the next IP ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for IP is Nov 16, 2026.

    Income Calculator

    At $1.85 / yr per share

    Per payment (quarterly)$46.25
    Annual$185.00
    Monthly avg$15.42

    Similar Dividend Stocks

    HDHDThe Home Depot, Inc.2.92%Consumer CyclicalBABAFBABAFAlibaba Group Holding Limited1.03%Consumer CyclicalBABABABAAlibaba Group Holding Limited1.05%Consumer CyclicalTOYOFTOYOFToyota Motor Corporation3.23%Consumer Cyclical

    Compare IP

    IP vs HDIP vs BABAFIP vs BABAIP vs TOYOF

    Explore more

    Lists and tools related to IP