International Paper Declares Dividend
MEMPHIS, Tenn., Jan. 8, 2013 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.30 per share for the period from January 1, 2013, to March 31, 2013, inclusive, on its common stock, par value $1.00. This dividend is payable on March 15, 2013, to holders of record at the close of business on February 15, 2013.
Today the company also declared a regular quarterly dividend of $1.00 per share for the period from January 1, 2013, to March 31, 2013, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on March 15, 2013, to holders of record at the close of business on February 15, 2013.
About International Paper
International Paper (NYSE: IP) 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. Headquartered in Memphis, Tenn., the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2011 were $26 billion. Temple-Inland Inc., which was acquired in February 2012, had 2011 net sales of $4 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.
SOURCE International Paper