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International Paper raises annual cash dividend

International Paper Co. raised its annual cash dividend by 2.5% to $2.05 per share.

The board announced a quarterly common stock dividend of 51.25 cents per share, as well as a regular quarterly dividend of $1.00 per share on the company's cumulative $4.00 preferred stock.

Both dividends are payable Dec. 16 to holders of record at business close Nov. 15.