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On Wednesday morning, International Paper Co (IP ) released its fourth quarter financial results, reporting significantly lower profits.
Mark Sutton, IP’s Chairman and CEO, commented: “As we enter 2015, a strengthening North American economy is helping to offset a global environment that remains challenged. With our focus on execution, IP expects to deliver another year of earnings growth and strong free cash flow.”
IP will pay its next 40-cent dividend on March 16. The stock will go ex-dividend on February 11.