Memphis, Tennessee, USA, 14 October 2008 -- /PRNewswire/ -- International Paper (NYSE:IP) today declared a regular quarterly dividend of USD 0.25 per share for the period from 01 October 2008, to 31 December 2008, inclusive, on its common stock, par value USD 1. This dividend is payable on 15 December 2008, to holders of record at the close of business on 17 November 2008.

The company also declared a regular quarterly dividend of USD 1 per share for the period from 01 October 2008, to 31 December 2008, inclusive, on the cumulative USD 4 preferred stock of the company. This dividend is also payable on 15 December 2008, to holders of record at the close of business on 17 November 2008.

International Paper (NYSE:IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tennessee, the company employs more than 65,000 people in more than 20 countries and serves customers worldwide. 2007 net sales were approximately USD 22 billion. For more information about International Paper, its products, and stewardship efforts, visit internationalpaper.com.