Neenah Paper (NP) Plans 12% Dividend Increase

November 18, 2016 11:01 AM EST

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Neenah Paper, Inc. (NYSE: NP) announced that on November 17, 2016, its Board of Directors approved a 12 percent increase in the cash dividend on the Company's common stock. The quarterly dividend will increase from $0.33 per share to $0.37 ($1.48 per share on an annual basis) with the first payment at the new rate beginning in the first quarter of 2017.

Neenah Paper, Inc. has paid a dividend every quarter since the Company was first incorporated in 2004 and today's announcement is the seventh consecutive double digit increase in the past four years.

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