Memphis, Tennessee, USA, 10 July 2007 -- /PRNewswire/ -- International Paper (NYSE: IP) today declared a regular quarterly dividend of USD 0.25 per share for the period from 01 July 2007, to 30 September 2007, inclusive, on its common stock. This dividend is payable 17 September 2007, to holders of record at the close of business on 15 August 2007.

Today the company also declared a regular quarterly dividend of USD 1 per share for the period 01 July 2007, to 30 September 2007, inclusive, on its preferred stock. This dividend is also payable 17 September 2007, to holders of record at the close of business on 15 August 2007.

About International Paper

International Paper (NYSE: IP), founded in 1898, is a global uncoated paper and packaging company with primary markets and manufacturing operations in North America, Europe, Russia, Latin America, Asia, and North Africa. Its uncoated papers and packaging businesses are complemented by xpedx, North America's largest distributor of printing papers and graphics supplies and equipment. Headquartered in the United States, International Paper employs approximately 54,000 people in more than 20 countries, and serves customers worldwide. Annual sales are about USD 22 billion. International Paper partners with customers and environmental, academic, civic, and governmental organizations, as well as landowners and harvesting professionals, to encourage responsible forest stewardship, improve the health and productivity of forestlands, and increase recovery of our recyclable products. The company has a long-standing policy of using no wood from endangered forests. To learn more about International Paper, its products and commitment to economic, social, and environmental sustainability, visit www.internationalpaper.com.