MEMPHIS, Tenn., July 9, 2012 /PRNewswire/ -- International Paper (NYSE : IP ) today declared a quarterly dividend of $0.2625 per share for the period from July 1, 2012, to September 30, 2012, inclusive, on its common stock, par value $1.00. This dividend is payable on September 17, 2012, to holders of record at the close of business on August 15, 2012.
Today the company also declared a regular quarterly dividend of $1.00 per share for the period from July 1, 2012, to September 30, 2012, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on September 17, 2012, to holders of record at the close of business on August 15, 2012.
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