Neenah Paper Hikes Dividend 33%
Specialty-paper maker Neenah Paper announced yesterday its third-quarter dividend of $0.20 per share, a 33% increase over the $0.15 per-share payout made last quarter, and comes quickly on the heels of a 25% dividend hike it made with the first-quarter payout.
The board of directors said the quarterly dividend is payable on Sep. 3 to the holders of record at the close of business on Aug. 15. Neenah has paid a dividend every year since 2005.
The regular dividend payment equates to an $0.80-per-share annual dividend, yielding 2.6% based on the closing price of Deere's stock on May 30.
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