Memphis, Tennessee, USA, 13 January 2009 -- /PRNewswire/ -- International Paper (NYSE: IP) today declared a regular quarterly dividend of USD 0.25 per share for the period 01 January to 31 March 2009, inclusive, on its common stock, par value USD 1. This dividend is payable on 16 March 2009, to holders of record at the close of business on 16 February 2009.

The company also declared a regular quarterly dividend of USD 1 per share for the period 01 January to 31 March 2009, inclusive, on the cumulative USD 4 preferred stock of the company. This dividend is also payable on 16 March 2009, to holders of record at the close of business on 16 February 2009.

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tennessee, the company employs more than 65,000 people in more than 20 countries and serves customers worldwide. Net sales for 2007 were approximately USD 22 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.