The board of directors of Interstate Bakeries Corporation (NYSE: IBC) declared a quarterly dividend of $0.07 per share on the Company's common stock, payable August 1, 2001, to stockholders of record at the close of business on July 16, 2001. Interstate Bakeries Corporation is the nation's largest wholesale baking company with 63 bread and cake bakeries located in strategic markets from coast to coast. The Company is headquartered in Kansas City, Missouri.