Sep 10, 2013. /Lesprom Network/. International Paper announced its Board of Directors is raising the company's quarterly dividend by 17% from $0.30 to $0.35 per share for the period from October 1, 2013, to December 31, 2013, inclusive, on the company's common stock, par value $1.00. This dividend is payable on December 16, 2013, to holders of record at the close of business on November 15, 2013, as the company said in the press release received by Lesprom Network.

The company's Board of Directors also declared a regular quarterly dividend of $1.00 per share for the period from October 1, 2013, to December 31, 2013, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on December 16, 2013, to holders of record at the close of business on November 15, 2013.

International Paper is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company.