Feb 04, 2005. /Lesprom Network/. Georgia-Pacific Corp.’s (NYSE: GP) board of directors today increased the company’s quarterly cash dividend by 40% to $0.175 cents per share from $0.125 cents per share. The increased dividend is equal to an annual rate of $0.7 per share compared with the previous annual rate of $0.5 per share. “This dividend increase directly reflects our confidence in the overall stability of Georgia-Pacific's earnings base,” said A.D. “Pete” Correll, Georgia-Pacific chairman and chief executive officer. “Our proven ability to generate cash provides us with a solid basis to deliver a dividend that is sustainable at a higher level. Continued improvement in our consumer products results will allow us to grow our dividend over time.” Georgia-Pacific’s quarterly dividend is payable Feb. 24, 2005, to shareholders of record Feb. 14, 2005.