Consumables

International Paper Announces Increase in Quarterly Dividend

Wednesday 12. January 2011 - International Paper (NYSE: IP) announced today that its Board of Directors has approved an increase in its quarterly common stock dividend from twelve and one-half cents ($0.125) per share to eighteen and three-quarter cents ($0.1875) per share, effective for the dividend payable March 15, 2011 to shareholders of record on February 15, 2011.

“This second dividend increase reflects our intent to restore our dividend to pre-recession levels,” said John Faraci, Chairman and chief executive officer. “Today, International Paper is a much stronger company and we remain committed to creating sustainable returns for our shareholders.”
Record and Payment Date Information for First-Quarter Dividend
The company declared a regular quarterly dividend of $0.1875 per share for the period from January 1, 2011 to March 31, 2011, inclusive, on its common stock, par value $1. This dividend is payable on March 15, 2011, to holders of record at the close of business on February 15, 2011.
The company also declared a regular quarterly dividend of $1 per share for the period from January 1, 2011 to March 31, 2011, inclusive, on the cumulative $4 preferred stock of the company. This dividend is also payable on March 15, 2011, to holders of record at the close of business on February 15, 2011.