Nov 17, 2011. /Lesprom Network/. Neenah Paper, Inc. announced that its Board of Directors approved a 9% increase in the dividend on the Company’s common stock. The annual dividend will increase from $0.44 to $0.48 per share and will continue to be paid in four equal quarterly installments. The next installment, at the new higher rate of $0.12 per share, is scheduled to be paid in March 2012 to shareholders of record as of February 2012. “The decision to increase our dividend for a second consecutive year underscores our confidence in the future of Neenah,” said John O’Donnell, CEO. “We continue to generate strong cash flow and are committed to utilizing this in ways that will generate value and provide shareholders an attractive return.” Neenah Paper 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 and writing papers.