Neenah, Inc. Buyback
OLI recorded this information on 11/29/2018
Neenah, Inc. (NYSE: NP) announced that on November 28, 2018, its Board of Directors approved a 10 percent increase in the cash dividend on the Company's common stock. The quarterly dividend will increase from $0.41 per share to $0.45 ($1.80 per share on an annual basis) with the first payment at the new rate in March 2019. Neenah has consistently paid a dividend every quarter since the Company was first incorporated in 2004 and today's announcement marks a ninth consecutive double-digit increase in the dividend. In addition, the Company announced authorization of a 2019 share repurchase plan for up to $25 million of its outstanding common stock. The current share repurchase plan will remain in effect through December 31, 2018. Purchases by the Company under the program would be made from time to time in the open market or in privately negotiated transactions in accordance with the requirements of applicable law. The timing and amount of any purchases will depend on share price, market conditions and other factors. The program does not require the Company to purchase any specific number of shares and may be suspended or discontinued at any time.
Neenah is engaged in technical products business and fine paper and packaging business. Co.'s technical products business is a producer of fiber-formed, coated and/or saturated media that provides benefits to customers, such as filtration media for transportation, water and other filtration markets, and saturated and coated performance materials used for specialty tapes, abrasives, performance labels, digital transfer papers, and a variety of other end markets. Co.'s fine paper and packaging business manufactures and sells writing, text, cover and papers and envelopes used in commercial printing services, corporate identity packages and advertising collateral.
NP SEC Filing Email Alerts Service
Open the NP Page at The Online Investor »
Hold (2.00 out of 4)