Oct 16, 2015. /Lesprom Network/. International Paper's Board of Directors increased the company's regular quarterly dividend by 10% from $0.40 to $0.44 per share for the period from October 1, 2015, to December 31, 2015, inclusive, on its common stock, par value $1, as the company said in the press release received by Lesprom Network.

"This latest dividend increase reflects our confidence in the sustainability of our free cash flow generation and the future performance of our company," said Mark Sutton, Chairman and CEO of International Paper. "International Paper is focused on increasing shareholder value through a balanced allocation of capital, including returning a significant portion of our cash generation to our shareholders."

Additionally, the company also declared a regular quarterly dividend of $1.00 per share for the period from October 1, 2015, to December 31, 2015, inclusive, on the cumulative $4.00 preferred stock of the company.

International Paper is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.