Consumables

International Paper Announces Third Increase in Quarterly Dividend

Tuesday 29. March 2011 - International Paper (NYSE: IP) announced today that its Board of Directors has approved an increase in its quarterly common stock dividend from eighteen and three-quarter cents ($0.1875) per share to twenty six and one quarter cents ($0.2625) per share, effective for the dividend payable on June 15, 2011 to shareholders of record on May 17, 2011.

“This third dividend increase over the last twelve months raises our dividend above pre-recession levels,” said John Faraci, Chairman and Chief Executive Officer. “This increase reflects our confidence in the future of International Paper and our commitment to return cash to shareholders.”