1 Dividend Stock Down 51% You'll Regret Not Buying on the Dip

By Parkev Tatevosian, CFA – Jul 5, 2023 at 9:18AM

NYSE: IP

International Paper

Market Cap

$12B

Today's Change

(0.93%) $0.31

Current Price

$33.83

Price as of April 26, 2024, 4:00 p.m. ET

This dividend stock is poised to benefit as people favor spending time and money away from home.

Fool.com contributor Parkev Tatevosian explains why this dividend stock is an excellent choice for passive income investors.

*Stock prices used were the afternoon prices of July 2, 2023. The video was published on July 4, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.