The company also declared a regular quarterly dividend of USD 1.00 per share for the period from 01 January 2010, to 31 March 2010, inclusive, on the cumulative USD 4.00 preferred stock of the company. This dividend also is payable on 15 March 2010, to holders of record at the close of business on 16 February 2010.

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 industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tennessee, the company employs more than 58,000 people in more than 20 countries and serves customers worldwide. Net sales in 2008 were approximately USD 25 billion. For more information about International Paper, its products, and its stewardship efforts, visit www.internationalpaper.com.