Aug 09, 2012. /Lesprom Network/. SWM announced a two-for-one stock split and a quarterly common stock dividend of $0.15 per share. The stock split will be effected as a 100% stock distribution to shareholders of record August 13, 2012, to be distributed on August 21, 2012. A quarterly common stock dividend of $0.15 per share will be payable on September 28, 2012 to stockholders of record on August 30, 2012, as the company said in the press release received by Lesprom Network. Frédéric Villoutreix, Chairman of the Board and CEO, commented: “…The Board of Directors has approved the first stock split in SWM's history. This action, combined with maintaining our $0.15 per share quarterly dividend after instituting the two-for-one stock split, represents a doubling of our quarterly dividend payout. The split should make our shares more accessible, increase our shareholder base and improve market liquidity. It reflects the confidence we have in the long-term strength of our company and supports our ongoing commitment to enhancing shareholder value.” The newly distributed shares from the stock split will receive the quarterly dividend payable on September 28, effectively doubling SWM's quarterly dividend payout on pre-split share holding positions. SWM is a diversified producer of premium specialty papers for the tobacco industry. It also manufactures specialty papers for other applications. SWM and its subsidiaries conduct business in over 90 countries and employ 2,800 people worldwide, with operations in the United States, France, Brazil, the Philippines, Indonesia, Canada, Poland and two joint ventures in China.