Apr 21, 2008. /Lesprom.com/. Wausau Paper announced that its Board of Directors has declared a quarterly dividend of $0.85 per share on its common stock. The dividend is payable May 15, 2008, to stockholders of record at the close of business on May 1. Wausau Paper, with record revenues of more than $1.2 billion in fiscal 2007, produces and markets fine printing and writing papers, technical specialty papers, and "away-from-home" towel and tissue products.