International Paper Company (NYSE:IP) is among the 11 High-Yield Dividend Stocks for Steady Cash Flow. Stifel upgraded IP to Buy with a new price target of $57.80, citing nearing profitability and margin expansion in the company’s strategic transformation under CEO Andy Silvernail. The company recently sold its underperforming Global Cellulose Fiber business for $1.5 billion. Stifel remains confident in IP’s ongoing initiatives to reach its 2027 adjusted EBITDA goal. IP has a strong dividend history since 1986, offering a quarterly dividend of $0.4625 per share with a 3.88% yield.

Although IP faces challenges, particularly with the integration of the DS Smith acquisition, Stifel emphasizes the company now has a clearer strategic direction. Stifel expressed confidence in IP’s ability to advance towards its 2027 adjusted EBITDA goal of $5.5 billion to $6.0 billion, despite subdued market conditions.

Investors are drawn to International Paper Company (NYSE:IP) for its strong dividend history, with uninterrupted dividend payments since 1986. The company currently offers a quarterly dividend of $0.4625 per share and has a dividend yield of 3.88% as of October 21.

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Read more at Yahoo Finance: Stifel Upgrades International Paper (IP) to Buy, Sees Profit Growth Ahead