International Paper Declares Dividend

MEMPHIS, Tenn., Jan. 10, 2017 /PRNewswire/ -- International Paper IP today declared a quarterly dividend of $0.4625 per share for the period from January 1, 2017, to March 31, 2017, inclusive, on its common stock, par value $1.00. This dividend is payable on March 15, 2017, to holders of record at the close of business on February 15, 2017.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from January 1, 2017, to March 31, 2017, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on March 15, 2017, to holders of record at the close of business on February 15, 2017.

About International Paper

International Paper IP is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia. We produce packaging products that enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products; papers that drive communication; paper bags that carry groceries; and paper cups and food containers. We are headquartered in Memphis, Tenn., and employ roughly 55,000 colleagues located in more than 24 countries. Net sales for 2015 were $22 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

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SOURCE International Paper