Memphis, Tennessee, USA, 14 July 2009 -- /PRNewswire/ -- International Paper (NYSE: IP) today declared a regular quarterly dividend of USD 0.025 per share for the period from 01 July 2009 to 30 September 2009, inclusive, on its common stock, par value USD 1.00. This dividend is payable on 15 September 2009, to holders of record at the close of business on 17 August 2009.
The company also declared a regular quarterly dividend of USD 1.00 per share for the period from 01 July 2009, to 30 September 2009, inclusive, on the cumulative USD 4.00 preferred stock of the company. This dividend also is payable on 15 September 2009, to holders of record at the close of business on 17 August 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 61,500 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 stewardship efforts, visit internationalpaper.com.