Wausau Paper (WPP) Declares $0.03 Quarterly Dividend; Terminates Shareholder Rights Plan

Wausau Paper (NYSE: WPP) declared a quarterly dividend of $0.03 per share, or $0.12 annualized.

The dividend will be payable on February 17, 2015, to stockholders of record on February 2, 2015, with an ex-dividend date of January 29, 2015.

The annual yield on the dividend is 1.2 percent.

Wausau Paper Corp. (NYSE: WPP) today announced that its Board of Directors has approved the redemption of the rights accompanying its outstanding common stock under its Shareholder Purchase Rights Plan originally adopted in October 1998, and amended in October 2008. The Shareholder Purchase Rights Plan was set to expire by its terms on October 31, 2018. With this action, the Shareholder Purchase Rights Plan is effectively terminated immediately.

For a dividend history and other dividend-related data on Wausau Paper (WPP) click here.

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