15 Blue Chip Stocks with Highest Dividends

9. International Paper Company (NYSE:IP)

Dividend Yield as of April 8: 5.01%

On April 6, Bank of America lowered its price recommendation on International Paper Company (NYSE:IP) to $47 from $53. It reiterated a Buy rating on the shares. The change came as part of the firm’s preview for the packaging and paper group.

A few days earlier, on April 2, JPMorgan analyst Detlef Winckelmann lowered the price target on IP to $46 from $48 and maintained a Neutral rating.

On March 20, International Paper said it plans to build a new 468,000-square-foot sustainable packaging facility in Rankin County, Mississippi. The project reflects a broader push to support long-term growth and improve operations. The company’s board approved the $225 million greenfield investment after reviewing its manufacturing footprint. The site will be in Brandon, close to its existing Richland box plant.

The new facility is expected to replace older infrastructure with a more modern and efficient setup. The company aims to lower costs, improve product quality, and strengthen service across the Mid-South region. It will also include updated safety and operational technologies. Employees from the current Richland plant are expected to transition to the new site once construction is complete. Work is set to begin in June 2026, with operations targeted for Q4 2027.

International Paper Company (NYSE:IP) operates as a sustainable packaging solutions provider. Its business is organized into Packaging Solutions North America and Packaging Solutions EMEA. The company offers packaging products, related services, and recycling solutions.