Specialty-paper maker Neenah Paper (NYSE:NP) announced yesterday its third-quarter dividend of $0.20 per share, a 33% increase over the $0.15 per-share payout made last quarter, and comes quickly on the heels of a 25% dividend hike it made with the first-quarter payout.
The board of directors said the quarterly dividend is payable on Sep. 3 to the holders of record at the close of business on Aug. 15. Neenah has paid a dividend every year since 2005.
The regular dividend payment equates to an $0.80-per-share annual dividend, yielding 2.6% based on the closing price of Deere's stock on May 30.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
5 Things You Should Know About Filing Your 2017 Taxes
Tax season will be here before you know it. Here are some helpful points to keep in mind.
Could You Come Up With $1,000 Tomorrow? More Than 60% of Americans Can't
The majority of Americans couldn't handle an unexpected expense, such as a car repair, without borrowing the money.
Who Can Take Social Security Before Age 62?
Find out when younger people can get benefits.