Neenah Increases Dividend for 11th Consecutive Year

Rhea-AI Summary

Neenah, Inc. (NYSE: NP) announced a quarterly dividend increase of $0.475 per share, effective December 2, 2021, for shareholders on record by November 12, 2021. This increase, marking an 11-year trend of growth in dividends, reflects strong cash flows within the company. Neenah has paid dividends consistently since its incorporation in 2004. The company, which manufactures specialty materials across North America and Europe, emphasizes growth in various sectors, including filtration media and specialty coatings.

Positive

• Quarterly dividend increased to $0.475 per share.
• 11 years of consecutive dividend increases.
• Strong cash flows supporting dividend growth.

Negative

• None.

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Neenah, Inc. (NYSE: NP) announced that on August 19, 2021, its Board of Directors approved a ½ cent increase in the cash dividend on the Company’s common stock. The quarterly dividend distribution of $0.475 per share will be payable on December 2, 2021 to shareholders of record as of close of business on November 12, 2021.

Neenah has consistently paid a dividend every quarter since it was first incorporated in 2004. Further, this marks eleven straight years of increasing the dividend to shareholders, reflecting the strong cash flows of the business.

About Neenah

Neenah is committed to manufacturing growth for its customers, end-users, shareholders, and employees. With manufacturing facilities across North America and Europe, we are 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/20211101005596/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 new dividend amount for Neenah, Inc. (NP)?

The new quarterly dividend amount is $0.475 per share.

When will the dividend for Neenah, Inc. be paid?

The dividend will be payable on December 2, 2021.

When is the record date for the Neenah, Inc. dividend?

The record date for the dividend is November 12, 2021.

How many years has Neenah, Inc. increased its dividend?

Neenah, Inc. has increased its dividend for 11 consecutive years.

What does the consistent dividend payment indicate about Neenah, Inc.?

It indicates strong cash flows and financial stability within the company.