Dec 15, 2011. /Lesprom Network/. Wausau Paper announced that its Board of Directors has declared a quarterly dividend of $0.03 per share on its common stock. The dividend is payable February 15, 2012, to shareholders of record at the close of business on February 1, 2012. Wausau Paper produces and markets specialty papers for industrial, commercial and consumer end markets as well as a complete line of away-from-home towel and tissue products.