ALPHARETTA, Ga., Aug. 1, 2014 /PRNewswire/ -- Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share on the company's common stock. The dividend will be payable on September 3, 2014 to stockholders of record as of close of business on August 15, 2014.
The new dividend rate of $0.27 per share was announced on May 22 and represents a 13 percent increase from the prior rate of $0.24 per share. It also marks the fourth increase since December 2012 when the quarterly dividend was $0.12 per share, as the company continues to increase cash returns to shareholders through an attractive dividend that can provide a targeted yield of three percent.
About Neenah Paper, Inc.
Neenah is a leader in premium image and performance-based products, including filtration, specialized substrates used for tapes, labels and other products, and high-end printing papers. Products are marketed under well-known brands such as CLASSIC®, ASTROBRIGHTS®, ENVIRONMENT®, CRANE®, ROYAL SUNDANCE®, SOUTHWORTH® KIMDURA®, Gessner®, CRANEMAT™, CRANEGLAS™, JET-PRO® SofStretch™ and varitess®. Neenah is headquartered in Alpharetta, Georgia and its products are sold in over 70 countries worldwide from manufacturing operations in the United States and Germany. Additional information can be found at the company's web site, www.neenah.com.
| Contact: |
Neenah Paper, Inc. |
| Bill McCarthy |
|
| Vice President – Financial Analysis and Investor Relations |
|
| 678-518-3278 |
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SOURCE Neenah Paper, Inc.
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