IBP Chairman Robert L. Peterson announced yesterday that IBP’s Board of Directors has declared a cash dividend of $.025 per share of common stock for the second quarter of 2001.

The dividend will be payable on July 16, 2001, to shareholders of record on June 15, 2001.

IBP is the world’s leading producer of high quality fresh beef and pork, and supplies premium, fully prepared meats and other consumer-ready foods for the retail and foodservice industries. The company employs approximately 52,000 people.