International Paper Co. (ticker: IP, exchange: New York Stock Exchange (.N))
News Release -
International Paper Declares Dividend
STAMFORD, Conn., Feb. 8 /PRNewswire-FirstCall/ -- International Paper
(NYSE: IP) today announced a regular quarterly dividend of $0.25 per share for
the period of Jan. 1, to March 31, 2005, inclusive. The dividend on the
common stock of the company is payable on March 15, 2005, to holders of record
at the close of business on Feb. 18, 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020701/IPLOGO )
The company also declared a regular quarterly dividend of $1 per share for
the period of Jan. 1, to March 31, 2005, inclusive, on the preferred stock of
the company, payable on March 15, 2005, to holders of record at the close of
business on Feb. 18, 2005.
In addition, the company announced the regular distribution on convertible
preferred securities interest in International Paper Capital Trust, paid at an
annual rate of 5-1/4 percent per convertible preferred security for the period
Jan. 1, to March 31, 2005. The distribution is payable March 15, 2005, for
holders of record at the close of business on Feb. 18, 2005.
International Paper (http://www.internationalpaper.com) is the world's
largest paper and forest products company. Businesses include paper,
packaging, and forest products. As one of the largest private forest
landowners in the world, the company manages its forests under the principles
of the Sustainable Forestry Initiative(R) (SFI) program, a system that ensures
the perpetual planting, growing and harvesting of trees while protecting
wildlife, plants, soil, air and water quality. Headquartered in the United
States, International Paper has operations in over 40 countries and sells its
products in more than 120 nations.
SOURCE International Paper
CONTACT: Media: Jenny Boardman, +1-203-541-8407; Investors: Darial Sneed,
+1-203-541-8541, or Brian Turcotte, +1-203-541-8632
Web site: http://www.internationalpaper.com