OREANDA-NEWS. International Paper (NYSE: IP) today declared a quarterly dividend of USD 0.40 per share for the period from January 1, 2015, to March 31, 2015, inclusive, on its common stock, par value USD 1.00. This dividend is payable on March 16, 2015, to holders of record at the close of business on February 16, 2015.

Today the company also declared a regular quarterly dividend of USD 1.00 per share for the period from January 1, 2015, to March 31, 2015, inclusive, on the cumulative USD 4.00 preferred stock of the company. This dividend is also payable on March 16, 2015, to holders of record at the close of business on February 16, 2015.

International 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 and uncoated papers. Headquartered in Memphis, Tenn., the company employs approximately 65,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2013 were USD 29 billion (which included our now divested xpedx business).