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International Paper Announces Regular Quarterly Dividend of $.25

Tuesday, May 08, 2001

Press release from the issuing company

NEW YORK, May 7-- International Paper today announced a regular quarterly dividend of $.25 per share for the period from April 1, 2001 to June 30, 2001, inclusive. The dividend on the common stock of the company is payable June 15, 2001 to holders of record at the close of business on May 18, 2001. Also, the company declared a regular quarterly dividend of $1 per share for the period from April 1, 2001 to June 30, 2001, inclusive, of the preferred stock of the company. The dividend is payable June 15, 2001, to holders of record at the close of business on May 18, 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 securities interest for the period April 1, 2001 to June 30, 2001. The distribution is payable on June 1, 2001, to holders of record at the close of business on May 17, 2001. Also, 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 April 1, 2001 to June 30, 2001. The distribution is payable June 15, 2001, for holders of record at the close of business on May 31, 2001.

 

 

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