Neenah Paper, Inc. (NP) Raises Quarterly Dividend 12.5% to $0.27; Approves $25M Buyback

Neenah Paper, Inc. (NYSE: NP) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is a 12.5% increase from the prior dividend of $0.24.

The dividend will be payable on September 3, 2014, to stockholders of record on August 15, 2014, with an ex-dividend date of August 13, 2014.

The annual yield on the dividend is 2.2 percent.

In addition, the Company announced today that its Board of Directors has authorized a program that would allow the Company to repurchase up to $25 million of its outstanding common stock over the next twelve months. Purchases by the Company under the program would be made from time to time in the open market or in privately negotiated transactions in accordance with the requirements of applicable law. The timing and amount of any purchases will depend on share price, market conditions and other factors. The program does not require the Company to purchase any specific number of shares and may be suspended or discontinued at any time.

For a dividend history and other dividend-related data on Neenah Paper, Inc. (NP) click here.

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