The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

Brendan and Austin discuss a solid dividend producer that might not be on your radar. International Paper recently reported earnings, beating analyst estimates on earnings per share. The company fared well in North America, and should continue to do so as it integrates its acquisition of Temple-Inland. The acquisition should net the company at least $300 million in synergies in just the first two years. International Paper has also done a great job expanding internationally into higher-growth areas, where it has a significant presence in Brazil and Russia, among others. IP looks cheap today, trading under 12 times earnings, and sporting a solid dividend yield of more than 3%.

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Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com and Staples. Motley Fool newsletter services recommend Amazon.com, FedEx, and Staples. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.