Mar 29, 2011. /Lesprom Network/. International Paper announced that its Board of Directors has approved an increase in its quarterly common stock dividend from eighteen and three-quarter cents ($0.1875) per share to twenty six and one quarter cents ($0.2625) per share, effective for the dividend payable on June 15, 2011 to shareholders of record on May 17, 2011. "This third dividend increase over the last twelve months raises our dividend above pre-recession levels," said John Faraci, Chairman and CEO. "This increase reflects our confidence in the future of International Paper and our commitment to return cash to shareholders." The company declared a regular quarterly dividend of $0.2625 per share for the period from April 1, 2011, to June 30, 2011, inclusive, on its common stock, par value $1. This dividend is payable on June 15, 2011, to shareholders of record at the close of business on May 17, 2011. The company also declared a regular quarterly dividend of $1 per share for the period from April 1, 2011, to June 30, 2011, inclusive, on the cumulative $4 preferred stock of the Company. This dividend is also payable on June 15, 2011, to shareholders of record at the close of business on May 17, 2011. 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.