STAMFORD, Conn., /PRNewswire/ -- International Paper (NYSE: IP) today announced a regular quarterly dividend of $0.25 per share for the period from July 1, 2001 to September 30, 2001, inclusive. The dividend on the common stock of the company is payable September 14, 2001 to holders of record at the close of business on August 24, 2001. Also, the company declared a regular quarterly dividend of $1 per share for the period from July 1, 2001 to September 30, 2001, inclusive, on the cumulative preferred stock of the company, payable September 14, 2001, to holders of record at the close of business on August 24, 2001. International Paper also announced the regular distribution of capital securities interests in International Paper Capital Trust III, to be paid at the rate of $0.4921875 per capital security interest for the period from July 1, 2001, to September 30, 2001. The distribution is payable on September 4, 2001, to holders of record at the close of business on August 17, 2001. Also, the company announced the regular distribution on convertible preferred securities interests in International Paper Capital Trust, paid at an annual rate of 5-1/4 percent per convertible preferred security interest for the period from July 1, 2001, to September 30, 2001. The distribution is payable September 17, 2001, to holders of record at the close of business on August 31, 2001. International Paper (http://www.internationalpaper.com) is the world's largest paper and forest products company. Businesses include paper, packaging, and forest products. As one of the largest private forest landowners in the world, the company manages its forests under the principles of the Sustainable Forestry Initiative (SFI(SM)) program, a system that ensures the perpetual planting, growing and harvesting of trees while protecting wildlife, plants, soil, air and water quality. Headquartered in the United States, International Paper has operations in nearly 50 countries and exports its products to more than 130 nations.