ALPHARETTA, Ga., Oct. 31, 2014 /PRNewswire/ -- Neenah Paper, Inc. (NYSE: NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share on the company's common stock. The dividend will be payable on December 2, 2014 to stockholders of record as of close of business on November 14, 2014.

The new dividend rate of $0.27 per share, announced on May 22, 2014, represents an increase of 13 percent compared to the prior dividend rate of $0.24 per share.

About Neenah Paper, Inc.

Neenah is a leader in premium image and performance-based products, including filtration, specialized substrates used for tapes, labels and other products, and high-end printing papers. Products are marketed under well-known brands such as CLASSIC®, ASTROBRIGHTS®, ENVIRONMENT®, CRANE®, ROYAL SUNDANCE®, SOUTHWORTH® KIMDURA®, Gessner®, CRANEMAT(TM), CRANEGLAS(TM), JET-PRO® SofStretch(TM) and varitess®. Neenah is headquartered in Alpharetta, Georgia and its products are sold in over 70 countries worldwide from manufacturing operations in the United States and Germany. Additional information can be found at the company's web site, www.neenah.com.

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    Contact:                     Neenah Paper, Inc.

                                 Bill McCarthy

                                  Vice President - Financial
                                  Analysis and Investor
                                  Relations

                                 678-518-3278

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SOURCE Neenah Paper, Inc.