International Paper Increases its Annual Cash Dividend by 2.7% to $1.90 per share

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Oct 10, 2017, 16:01 ET

MEMPHIS, Tenn., Oct. 10, 2017 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.475 per share for the period from October 1, 2017, to December 31, 2017, inclusive, on its common stock, par value $1.00. This dividend is payable on December 15, 2017, to holders of record at the close of business on November 15, 2017.

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

About International Paper
International Paper (NYSE: 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 and Russia. We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and Wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries. Net sales for 2016 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

SOURCE International Paper