How’reyour holidays? I am travelling and today I stay in Nara, the older capital of Japan than Kyoto for sightseeing.
Today I took advantage of the recent price weakness and initiated a position in International paper (IP). I purchased 76 shares of IP for $39.05 per share. This purchase adds $133.76 to my annual dividend income, based on the current $0.44 quarterly dividend. My entry YOC is 4.5%.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, including brochures, pamphlets, greeting cards, books, annual reports, and direct mail, as well as envelopes, tablets, business forms, and file folders. The Consumer Packaging segment offers coated paperboard for various packaging and commercial printing end uses, such as food, cosmetics, pharmaceuticals, computer software, and tobacco products under the Everest, Fortress, and Starcote brand name.[from Yahoo! Finance]
Years of dividend growth ：3
During the past 3 years, the average Dividends Per Share Growth Rate was 14.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 37.00% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 1.90% per year.
Dividend (Yield %)0.44
Dividend Yield is at the highest level for the last 5 years. It is no doubt a cyclical stock, but I hope that IP will continue to raise its dividend going forward despite headwind.
Disclosure: Long IP