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.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at

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.

Featured Story: What is Liquidity?

Dividend History for Neenah (NYSE:NP)

Receive News & Ratings for Neenah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah and related companies with's FREE daily email newsletter.

Leave a Reply