Neenah Paper Announces 10% Increase in Dividend to $.44

Neenah Paper, Inc. NP announced today that its Board of Directors has approved a 10 percent increase in the annual dividend on the company's common stock, from $0.40 per share to $0.44 per share. The dividend will continue to be paid in four equal quarterly installments, with the next installment at the new higher rate of $0.11 per share scheduled to be paid in March 2011.