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International Paper Declares Dividend

Wednesday, February 14, 2001

Press release from the issuing company

PURCHASE, N.Y., Feb. 13 - International Paper (NYSE: IP) today announced a regular quarterly dividend of $0.25 per share for the period from January 1, 2001 to March 31, 2001, inclusive, on the common stock of the company, payable March 15, 2001, to holders of record at the close of business on February 23, 2001. Also, the company declared a regular quarterly dividend of $1 per share for the period from January 1, 2001 to March 31, 2001, inclusive, on the cumulative $4 preferred stock of the company, payable March 15, 2001, to holders of record at the close of business on February 23, 2001. International Paper also announced the regular distribution of capital securities interests in International Paper Capital Trust III, to be paid at the rate of $0.4921875 per capital security interest for the period from January 1, 2001, to March 31, 2001. The distribution is payable on March 1, 2001, to holders of record at the close of business on February 14, 2001. Also, the company announced the regular distribution on convertible preferred securities interests in International Paper Capital Trust, paid at an annual rate of 51/4 percent per convertible preferred security interest for the period from January 1, 2001, to March 31, 2001. The distribution is payable March 15, 2001, to holders of record at the close of business on February 28, 2001.

 

 

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