Neenah increases dividend by 25 percent

Associated Press

ALPHARETTA, Ga. (AP) — Neenah Paper Inc. said Thursday that it will increase its annual dividend by 25 percent, to 60 cents per share from 48 cents per share.

The first quarterly dividend of 15 cents per share will be paid March 4 to shareholders of record as of Feb. 15.

Neenah said the increase reflects higher cash flow following the recent acquisition of brands from Wausau and the company's confidence in its future.

Neenah, based in Alpharetta, Ga., sells paper and related products in more than 70 countries worldwide.