Presenting at the UBS Global Paper and Forest Products Conference this morning, International Paper (IP +2.5%) management says it's moved from a study phase on possible conversion to an MLP structure to a "more serious evaluation phase."
At the same conference, KapStone (KS +2%) says it's taking a look at the MLP idea as well.
Others in the industry also have their tails in the air: Rock-Tenn (RKT +2.2%), Packaging Corp. (PKG +1.3%), MeadWestvaco (MWV +1.9%).
International Paper Tuesday night boosted its quarterly payout by 14% to $0.40 per share. The dividend is payable on Dec. 15 to holders of record on Nov. 17. The annualized yield is 3.2%.
Packaging Corporation Of America (PKG) declares $0.40/share quarterly dividend, in line with previous.
Forward yield 2.99%
Payable Oct. 15; for shareholders of record Sept. 13; ex-div Sept. 11.
Aug. 28, 2013, 4:29 PM
May 15, 2013, 6:26 PM
Packaging Corporation of America (PKG) declares $0.40/share quarterly dividend, 28% increase from prior dividend of $0.3125. Forward yield 3.20%. For shareholders of record June 14. Payable July 15. Ex-div date June 12. (PR) May 15, 2013, 6:26 PM