International Paper Is Buying Back $1.5B in Shares of Common Stock

International Paper is implementing a buyback of up to $1.5 billion in additional shares of the company’s common stock. The latest buyback follows another $1.5 billion repurchase that was authorized in Sept. 2013.

International Paper will repurchase the shares in open market transactions. In addition to the stock announcement, the company declared a quarterly dividend of 35 cents per share from July 1 through Sept. 30, 2014 on common stock par value $1.