Nov 20, 2013. /Lesprom Network/. Neenah Paper, Inc. announced that its Board of Directors approved a 20% increase in the regular dividend on the Company's common stock. The annual dividend will increase from $0.80 to $0.96 per share and will continue to be paid in four equal quarterly installments. The first quarterly payment at the new rate of $0.24 per share is scheduled to be paid on March 4, 2014 to shareholders of record as of February 14, 2014, as the company said in the press release received by Lesprom Network.

"Our businesses continue to perform well and generate strong cash flows. As we have indicated in past communications, priorities for these cash flows include organic investments and acquisitions that are value-adding and drive growth, and a return of cash to our shareholders through a sustainable dividend that, over time, will provide a yield of 3% to 4%," said John O'Donnell, CEO. "Following two dividend increases earlier this year, this latest raise reinforces our commitment to providing shareholders with an attractive cash return and illustrates our confidence in the future."

Neenah 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 papers.