Neenah Declares Quarterly Dividend and Announces Annual Stockholders Meeting on May 19, 2022

Rhea-AI Summary

Neenah, Inc. (NYSE:NP) has declared a quarterly cash dividend of $0.475 per share, to be paid on June 2, 2022, to shareholders of record by May 13, 2022. The company emphasizes returning cash to shareholders as a priority, maintaining consistent dividend payments since 2004, showcasing strong cash generation. Additionally, the 2022 Annual Meeting of Stockholders will take place virtually on May 19, 2022. Shareholders of record by March 25, 2022 can participate in the meeting, and a separate proxy statement will be issued for the planned merger with Schweitzer-Mauduit International, Inc.

Positive

• Quarterly cash dividend of $0.475 per share indicates strong cash generation.
• Consistent dividend payments since 2004 reflect company stability and commitment to shareholders.

Negative

• None.

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Neenah, Inc. (NYSE:NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.475 per share on the Company's common stock. Neenah views returning cash to shareholders as an important priority and part of its overall strategy to deliver value to investors. The Company has paid the dividend consistently since 2004, reflecting the strong cash generation potential of the business. The dividend will be payable on June 2, 2022 to shareholders of record as of close of business on May 13, 2022.

In addition, the Company announced that its 2022 Annual Meeting of Stockholders will be held virtually via live webcast on Thursday, May 19, 2022 at 3:00 PM (EDT). Common stockholders of record as of the close of business on March 25, 2022 can attend the virtual meeting and access the live audio webcast at www.virtualshareholdermeeting.com/NP2022 and will need to enter the 16-digit control number found on their proxy card. If shares were not voted in advance, stockholders will be able to vote their shares electronically and submit questions during the virtual meeting. The web site will be live on May 2, although voting and other functionality will not be available until the time of the meeting.

Whether or not you plan to attend the virtual meeting, all stockholders are encouraged to vote in advance by using one of the methods described in our proxy materials. Information can also be found under the Investor Relations section on our web site, www.neenah.com.

Stockholders will not be voting on the recently-announced merger agreement with Schweitzer-Mauduit International, Inc. at the Annual Meeting. Stockholders will receive a separate proxy statement and related materials before the special meeting the Company intends to hold to seek shareholder approval for the merger.

About Neenah

Neenah is a leading global manufacturer of specialty materials serving customers across six continents, with headquarters in Alpharetta, Georgia. We are focused on growing in filtration media, specialty coatings, engineered materials and imaging & packaging. Our materials are in various products used every day, such as transportation and water filters, premium packaging of spirits, technology and beauty products, industrial labels, tapes and abrasives, and digital printing for high-end apparel. To learn more, please visit www.neenah.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005008/en/

Neenah, Inc.

Kyle Anderson

Vice President, Corporate Strategy and Investor Relations

(678) 518-3278

investors@neenah.com

Source: Neenah, Inc.

FAQ

What is the dividend amount for Neenah (NP) in 2022?

Neenah has declared a dividend of $0.475 per share.

When will the dividend be paid to shareholders of Neenah (NP)?

The dividend will be payable on June 2, 2022.

What is the record date for Neenah's dividend payment?

The record date is May 13, 2022.

When is the Annual Meeting of Stockholders for Neenah (NP)?

The Annual Meeting will be held on May 19, 2022.

Will shareholders vote on the merger with Schweitzer-Mauduit at the Annual Meeting?

No, shareholders will not vote on the merger at the Annual Meeting.