MEMPHIS, Tenn., Jan. 12 /PRNewswire-FirstCall/ -- International Paper (NYSE: IP) today declared a regular quarterly dividend of $0.025 per share for the period from Jan. 1, 2010, to March 31, 2010, inclusive, on its common stock, par value $1. This dividend is payable on March 15, 2010, to holders of record at the close of business on Feb. 16, 2010.

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The company also declared a regular quarterly dividend of $1 per share for the period from Jan. 1, 2010, to March 31, 2010, inclusive, on the cumulative $4 preferred stock of the company. This dividend is also payable on March 15, 2010, to holders of record at the close of business on Feb. 16, 2010.

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 industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs more than 58,000 people in more than 20 countries and serves customers worldwide. 2008 net sales were approximately $25 billion. For more information about International Paper, its products and stewardship efforts, visit www.internationalpaper.com.

SOURCE International Paper

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