May 08, 2007. /Lesprom Network/. International Paper declared on May 7, 2007 a regular quarterly dividend of $0.25 per share for the period from April 1, 2007, to June 30, 2007, inclusive on its common stock. This dividend is payable on June 15, 2007, to holders of record at the close of business on May 18, 2007. The company also declared a regular quarterly dividend of $1 per share for the period from April 1, 2007, to June 30, 2007, inclusive, on its preferred stock. This dividend is also payable on June 15, 2007, to holders of record at the close of business on May 18, 2007. International Paper, founded in 1898, is a global uncoated paper and packaging company with primary markets and manufacturing operations in North America, Europe, Russia, Latin America, Asia and North Africa. Its uncoated papers and packaging businesses are complemented by xpedx, North America's largest distributor of printing papers and graphics supplies and equipment. Headquartered in the United States, International Paper employs approximately 54 000 people in more than 20 countries, and serves customers worldwide. Annual sales are about $22 billion.