Shares of Flowers Foods, Inc. (NYSE:FLO) ended Thursday session in green amid volatile trading. The shares closed up +0.11 points or 0.72% at $15.37 with 2.45 million shares getting traded. Post opening the session at $15.20, the shares hit an intraday low of $15.20 and an intraday high of $15.50 and the price vacillated in this range throughout the day. The company has a market cap of $3.22 billion and the numbers of outstanding shares have been calculated to be 206.87 million shares.
Flowers Foods, Inc. (FLO) on Aug. 19, 2016 announced that its board of directors has declared a quarterly dividend of $0.16 per share, an increase of 10.3% over the same quarter last year. This is the 56th consecutive quarterly dividend paid by the company and is payable on September 16, 2016 to shareholders of record on September 2, 2016.
“This action demonstrates our board of directors’ commitment to prudently allocating capital to enhance returns for shareholders,” said Allen L. Shiver, Flowers Foods’ president and CEO. “Our board and management team are confident in the strength of the company’s cash flow, financial position, and ability to deliver long-term value for shareholders.”
Shares of International Paper Co (NYSE:IP) ended Thursday session in green amid volatile trading. The shares closed up +0.72 points or 1.51% at $48.25 with 2.46 million shares getting traded. Post opening the session at $47.52, the shares hit an intraday low of $47.44 and an intraday high of $48.41 and the price vacillated in this range throughout the day. The company has a market cap of $19.64 billion and the numbers of outstanding shares have been calculated to be 411.20 million shares.
International Paper Co (IP) operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, including brochures, pamphlets, greeting cards, books, annual reports, and direct mail, as well as envelopes, tablets, business forms, and file folders. This segment sells uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brand names.