Neenah Inc Declares Quarterly Dividend of $0.41 (NP)

Neenah Inc (NYSE:NP) announced a quarterly dividend on Thursday, November 1st, RTT News reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.41 per share by the basic materials company on Monday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, November 15th.

Neenah has raised its dividend by an average of 13.2% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Neenah has a payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Neenah to earn $4.25 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 38.6%.

NYSE NP opened at $71.90 on Wednesday. Neenah has a 1-year low of $71.71 and a 1-year high of $96.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.24 and a quick ratio of 1.20. The stock has a market capitalization of $1.21 billion, a PE ratio of 16.64, a P/E/G ratio of 3.98 and a beta of 1.07.

Neenah (NYSE:NP) last released its earnings results on Tuesday, November 6th. The basic materials company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.30). Neenah had a net margin of 4.08% and a return on equity of 17.26%. The company had revenue of $256.00 million during the quarter, compared to the consensus estimate of $270.25 million. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Neenah will post 3.61 earnings per share for the current year.

NP has been the subject of a number of recent analyst reports. Zacks Investment Research raised Neenah from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. DA Davidson reaffirmed a “neutral” rating on shares of Neenah in a research report on Wednesday, August 8th. Finally, ValuEngine lowered Neenah from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.

In other Neenah news, VP Larry Newton Brownlee sold 278 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $91.90, for a total transaction of $25,548.20. Following the completion of the transaction, the vice president now owns 3,338 shares of the company’s stock, valued at approximately $306,762.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Armin Schwinn sold 1,556 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $90.23, for a total value of $140,397.88. Following the transaction, the senior vice president now directly owns 2,240 shares of the company’s stock, valued at approximately $202,115.20. The disclosure for this sale can be found here. Insiders have sold a total of 3,834 shares of company stock valued at $343,946 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

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About Neenah

Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. The company's Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes to manufacturers; and coated lightweight abrasive paper for automotive, construction, metal, and woodworking industries.

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Dividend History for Neenah (NYSE:NP)

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