Key Developments: Neenah Paper Inc (NP.N)

NP.N on New York Stock Exchange

60.34USD
4 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Neenah Paper Inc Declares Quarterly Dividend
Friday, 1 Nov 2013 04:30pm EDT 

Neenah Paper, Inc announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share on the company's common stock. The dividend will be payable on December 4, 2013 to stockholders of record as of close of business on November 15, 2013.  Full Article

Neenah Paper Inc Declares Quarterly Dividend
Thursday, 1 Aug 2013 05:00pm EDT 

Neenah Paper Inc announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share on the Company's common stock. The dividend will be payable on September 3, 2013 to stockholders of record as of close of business on August 16, 2013.  Full Article

Neenah Paper Inc Announces Partnership With Gruppo Cordenons For Fine Business Papers
Tuesday, 2 Jul 2013 08:00am EDT 

Neenah Paper Inc announced that it has signed an exclusive partnership agreement with Gruppo Cordenons, the Italian maker of high quality fine papers, to market and distribute all Cordenons papers to the US and Canada. The papers will continue to be manufactured by Gruppo Cordenons at its two paper mills in Italy, the Cordenons Mill, a state of the art facility and at the Scurelle paper mill, both in Northern Italy. The papers will be available to Neenah distributors beginning September 3, 2013.  Full Article

Neenah Paper Inc Renews $10 Million Stock Repurchase Program
Thursday, 30 May 2013 05:01pm EDT 

Neenah Paper Inc announced that Board of Directors has authorized a program that would allow the Company to repurchase up to $10 million of its outstanding common stock over the next twelve months. The Company has had a similarly-sized program in place over the preceding twelve months that has now expired. Under this prior plan, the Company had opportunistically repurchased approximately $4 million dollars of stock.  Full Article

Neenah Paper Inc Announces Dividend Increase of 33 %
Thursday, 30 May 2013 05:00pm EDT 

Neenah Paper Inc announced that Board of Directors approved a 33% increase in the regular dividend on the Company's common stock. The annual dividend will increase from $0.60 to $0.80 per share and will continue to be paid in four equal quarterly installments. The first installment at the new rate of $0.20 per share is scheduled to be paid on September 3, 2013 to shareholders of record as of August 16, 2013. This follows the previous 25% increase that was effective with the first quarter 2013 dividend.  Full Article

Neenah Paper Inc Announces Closing Of $175 Million Senior Notes Offering
Thursday, 23 May 2013 05:00pm EDT 

Neenah Paper Inc announced that it has completed its previously announced private offering of $175 million aggregate principal amount of its 5.25% Senior Notes due 2021. Neenah intends to use a portion of the net proceeds from the offering to redeem in full its outstanding 7.375% Senior Notes due 2014 (the 2014 Notes) and to repay all borrowings under its secured revolving credit facility. Any remaining net proceeds will be used for general corporate purposes.  Full Article

Neenah Paper Inc Announces Pricing Of 5.25% Senior Notes Offering Due 2021
Thursday, 16 May 2013 05:00pm EDT 

Neenah Paper Inc announced the pricing of its previously announced private offering of senior unsecured notes maturing in 2021. A total of $175 million aggregate principal amount of senior unsecured notes, which will bear an interest rate of 5.25% per annum, will be issued. The offering is expected to close on or about May 23, 2013, subject to customary closing conditions. The Company intends to use the net proceeds of the offering to redeem in full the outstanding balance of its existing 7.375% senior unsecured notes due 2014, and to repay all borrowings under its secured revolving credit facility. Any remaining funds will be used for general corporate purposes.  Full Article

Neenah Paper Inc Announces Proposed $175 Million Senior Notes Offering
Monday, 13 May 2013 07:00am EDT 

Neenah Paper Inc announced that it intends, subject to market and other conditions, to offer $175 million in aggregate principal amount of senior unsecured notes due 2021 in a private placement. The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside of the United States under Regulation S under the Securities Act. The Company intends to use the net proceeds of the offering to redeem in full the outstanding balance of its existing 7.375% senior notes due 2014, and to repay all borrowings under its secured revolving credit facility. Any remaining funds will be used for general corporate purposes.  Full Article

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