MEMPHIS, Tenn., Oct. 8, 2019 /PRNewswire/ -- International Paper
(NYSE: IP) today declared a quarterly dividend of $ 0.5125 per share for the period from
October 1, 2019, to December 31, 2019, inclusive, on its common
stock, par value $1.00. This dividend
is payable on December 16, 2019, to
holders of record at the close of business on November 15, 2019.
"This marks our tenth consecutive annual dividend increase and
reinforces our policy of a strong and sustainable payout of 40 to
50% of free cash flow as an important part of our capital
allocation strategy," said Mark
Sutton, Chairman and CEO.
Today the company also declared a regular quarterly dividend of
$1.00 per share for the period from
October 1, 2019, to December 31, 2019, inclusive, on the cumulative
$4.00 preferred stock of the company.
This dividend is also payable on December
16, 2019, to holders of record at the close of business on
November 15, 2019.
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, India and Russia. We produce corrugated 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; and papers that
facilitate education and communication. We are headquartered in
Memphis, Tenn., employ more than
52,000 colleagues and serve more than 25,000 customers in 150
countries. Net sales for 2018 were $23
billion. For more information about International Paper, our
products and global citizenship efforts, please visit
internationalpaper.com.
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SOURCE International Paper