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Generate Passive Income With This Dividend Stock: Should You Invest $1,000 in International Paper?
Investing in the stock market is a great way to generate passive income and even long-term wealth. That is why, when a stock in a company like International Paper presents itself with steep discounts, it will almost always get attention from investors. Parkev Tatevosian, a Fool.com contributor, has examined why now might be the ideal time to invest in this dividend stock.
What is International Paper?
International Paper (NYSE: IP) is one of the largest American companies in the paper product industry. Its products include corrugated containers, pulp, printing paper, and linerboard. Its adjusted net earnings for the quarter of September 30, 2023, came in at $617 million.
Why Invest in International Paper?
International Paper has a solid record when it comes to payouts. Despite the economic downturn, the company has kept on paying out healthy quarterly dividends since 2013. Furthermore, the stock is currently trading at a price-to-earnings ratio below 10. That means there is potential for capital appreciation in the coming months.
Motley Fool Stock Advisor Analysts: International Paper is Not One of the 10 Best Stocks
Despite the potential upside in owning International Paper stock, the Motley Fool Stock Advisor analysts believe there are 10 better stocks to invest in. These stocks have been carefully chosen based on a series of metrics and expected to produce much better returns over the coming years.
Motley Fool Stock Advisor: A Blueprint for Success
Motley Fool Stock Advisor was created to provide investors with an easy-to-follow blueprint to success. This service gives investors regular updates from analysts and provides two new stock picks every month. Over the last 18 years, Stock Advisor has more than tripled the return of the S&P 500.
Parkev Tatevosian’s Opinion on Investing in International Paper
Parkev Tatevosian, CFA, has no current position in any of the stocks mentioned. He has an affiliate relationship with The Motley Fool. Although his opinion may be slightly biased, it has not been affected by The Motley Fool.
Takeaway: International Paper Could Be a Good Investment
International Paper has a strong history of payouts and is currently offering a strong discount due to the downturn. That said, it would be wise to compare it to potential investments from the Motley Fool’s Stock Advisor. With the right research, investors can pinpoint which stocks to invest in and make the most of their money.
Should You Invest $1,000 in International Paper Right Now? Uncover the Answer with The Motley Fool Stock Advisor