Apr 19, 2012. /Lesprom Network/. Wausau Paper's Board of Directors has declared a quarterly dividend of $0.03 per share on its common stock. The dividend is payable May 15, 2012, to shareholders of record at the close of business on May 1, 2012, as the company said in a press release received by Lesprom Network. 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.