International Paper will close its Carrollton South packaging facility in Carrollton, Texas, by the end of the third quarter of 2026 to align its manufacturing footprint with customer demand. The move is part of the company's strategy to strengthen the long-term competitiveness of its North America packaging business. Customers currently serviced by the Carrollton South facility will be transitioned to other International Paper facilities in the region.

The closure reflects International Paper's regular evaluation of its network to ensure resources are allocated to deliver the greatest value to customers. The company stated this action is consistent with its disciplined, long-term strategy. Keith Townsend, Group Vice President, North America Packaging East at International Paper, emphasized that decisions affecting people and communities are not made lightly.

Employees affected by the closure will receive severance, continued benefits, and outplacement support. The company is committed to supporting team members throughout the transition. International Paper is a leader in corrugated packaging and creates sustainable packaging solutions for customers across various industries.

The decision is subject to risks and uncertainties, including the company's ability to achieve the desired outcome and realize anticipated benefits from its strategic transformation initiatives. These forward-looking statements are based on management's current views and are subject to factors that could cause actual results to differ materially.

Key Details

International Paper declared a quarterly dividend of $0.4625 per share on its common stock for the period from July 1, 2026, to September 30, 2026. The dividend is payable on September 15, 2026, to shareholders of record at the close of business on August 14, 2026. The common stock carries a par value of $1.00.

The company also declared a quarterly dividend of $1.00 per share on its cumulative $4.00 preferred stock for the same period. This dividend is payable on September 15, 2026, to holders of record at the close of business on August 14, 2026.

Dividend Details

International Paper creates sustainable packaging solutions and is a leader in corrugated packaging. The company partners with customers across industries to protect products, strengthen supply chains, and create value.