Neenah Paper (NP) Increases Dividend by 10%
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Neenah Paper, Inc. (NYSE: NP) announced that on November 19, 2015, its Board of Directors approved a 10 percent increase in the cash dividend on the Company's common stock. The quarterly dividend will increase from $0.30 per share to $0.33 ($1.32 per share on an annual basis) with the first payment at the new rate beginning in the first quarter of 2016.
Neenah Paper, Inc. has paid a dividend every quarter since the Company was first incorporated in 2004 and during the past five years the Company's dividend has risen at a compound annual rate of 25 percent, from $0.44 to $1.32 per share. Today's announcement is the sixth consecutive double digit increase in the past three years.
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