International Paper Declares Dividend

MEMPHIS, Tenn., May 10, 2016 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.44 per share for the period from April 1, 2016, to June 30, 2016, inclusive, on its common stock, par value $1.00. This dividend is payable on June 15, 2016, to holders of record at the close of business on May 27, 2016.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from April 1, 2016, to June 30, 2016, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on June 15, 2016, to holders of record at the close of business on May 27, 2016.  

About International PaperInternational Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.  Its businesses include industrial and consumer packaging along with uncoated papers and pulp.  Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.  For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

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SOURCE International Paper