1 Fantastic Dividend Stock Down 44% That's a Screaming Buy for Passive Income Investors in 2024

By Parkev Tatevosian, CFA – Jan 3, 2024 at 9:52AM

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 could generate excellent passive income for long-term investors in 2024 and beyond.

Fool.com contributor Parkev Tatevosian discusses why this dividend stock is an excellent addition to passive income investor portfolios.

*Stock prices used were the afternoon prices of Dec. 31, 2023. The video was published on Jan. 2, 2024.

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.