International Paper declares dividends

Jul 15, 2009. /Lesprom Network/. International Paper today declared a regular quarterly dividend of $0.025 per share for the period from July 1, 2009 to Sept. 30, 2009, inclusive, on its common stock, par value $1. This dividend is payable on Sept. 15, 2009, to holders of record at the close of business on Aug. 17, 2009. The company also declared a regular quarterly dividend of $1 per share for the period from July 1, 2009, to Sept. 30, 2009, inclusive, on the cumulative $4 preferred stock of the company. This dividend is also payable on Sept. 15, 2009, to holders of record at the close of business on Aug. 17, 2009. International Paper 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, Tenn., the company employs more than 61,500 people in more than 20 countries and serves customers worldwide. 2008 net sales were approximately $25 billion.