Neenah Inc (NYSE:NP) declared a quarterly dividend on Wednesday, August 1st, RTT News reports. Investors of record on Friday, August 17th will be given a dividend of 0.41 per share by the basic materials company on Wednesday, September 5th. This represents a $1.64 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 16th.

Neenah has increased its dividend payment by an average of 13.2% per year over the last three years and has raised its dividend every year for the last 7 years. Neenah has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Neenah to earn $5.24 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 31.3%.

NYSE NP opened at $88.15 on Friday. Neenah has a 1-year low of $75.50 and a 1-year high of $95.40. The company has a market capitalization of $1.50 billion, a P/E ratio of 20.41, a PEG ratio of 4.03 and a beta of 1.11. The company has a quick ratio of 1.32, a current ratio of 2.42 and a debt-to-equity ratio of 0.64.

Neenah (NYSE:NP) last released its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Neenah had a return on equity of 18.38% and a net margin of 4.78%. The firm had revenue of $271.30 million during the quarter, compared to the consensus estimate of $275.50 million. equities research analysts expect that Neenah will post 4.43 EPS for the current fiscal year.

In other Neenah news, SVP Matthew L. Duncan sold 498 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total transaction of $44,820.00. Following the sale, the senior vice president now owns 2,041 shares in the company, valued at approximately $183,690. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Larry Newton Brownlee sold 800 shares of the stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $80.22, for a total value of $64,176.00. Following the sale, the vice president now owns 3,860 shares in the company, valued at approximately $309,649.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,884 shares of company stock worth $240,730. 2.00% of the stock is owned by insiders.

A number of brokerages have commented on NP. DA Davidson reiterated a “neutral” rating on shares of Neenah in a report on Wednesday. ValuEngine upgraded Neenah from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research cut Neenah from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th.

Neenah Company Profile

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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