ALPHARETTA, Ga., Jan. 31, 2017 /PRNewswire/ -- Neenah Paper, Inc. (NYSE: NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.37 per share on the company's common stock. The dividend will be payable on March 2, 2017 to stockholders of record as of close of business on February 17, 2017.
The new dividend rate of $0.37 per share, previously announced on November 18, 2016, represents an increase of 12 percent compared to the prior dividend rate of $0.33 per share.
About Neenah Paper, Inc.
Neenah is a leading global specialty materials company, focused on premium niche markets that value performance and image. Key products and markets include advanced filtration media, specialized performance substrates used for tapes, labels and other products, and premium printing and packaging papers. The company is headquartered in Alpharetta, Georgia and its products are sold in over 80 countries worldwide from manufacturing operations in the United States, Germany and the United Kingdom. Additional information can be found at the company's web site, www.neenah.com.
Neenah Paper, Inc.
Vice President – Financial Planning & Analysis and Investor Relations
SOURCE Neenah Paper, Inc.