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International Paper hikes dividend

MarketWatch
International Paper hikes dividend

International Paper Co. IP, -5.68% has hiked its dividend 5.3% to $2 a share annually and will buy back $2 billion worth of stock, it said late Tuesday. The dividend is payable Dec. 14 to shareholders of record at the close of business Nov. 15. The new stock repurchase program is in addition to the $430