Dividends to Follow: Can Neenah Paper, Inc. (NYSE:NP) truly back claims of $0.33 dividends by Dec 2, 2016?

Dividends to Follow: Can Neenah Paper, Inc. (NYSE:NP) truly back claims of $0.33 dividends by Dec 2, 2016?

Neenah Paper, Inc. (NYSE:NP) is expected to pay $0.33 on Dec 2, 2016. The indicated annual dividend is $1.32. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Neenah Paper, Inc.’s current price of $77.50, the dividend is 0.43%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 31, 2016. The stock decreased 0.51% or $0.4 on November 4, hitting $77.5. Neenah Paper, Inc. (NYSE:NP) has risen 23.19% since April 5, 2016 and is uptrending. It has outperformed by 21.24% the S&P500.

Neenah Paper, Inc. has two principal operations, technical products business, and fine paper and packaging business. The company has a market cap of $1.24 billion. The Company’s divisions consist of Technical Products, Fine Paper and Packaging, and Other. It has a 19.63 P/E ratio. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media , tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty).

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.41, from 1.35 in 2016Q1. The ratio turned negative, as 15 funds sold all Neenah Paper, Inc. shares owned while 68 reduced positions. 17 funds bought stakes while 61 increased positions. They now own 14.79 million shares or 1.22% more from 14.62 million shares in 2016Q1.
Moreover, Copeland Mngmt Limited Liability has 0.36% invested in Neenah Paper, Inc. (NYSE:NP) for 72,592 shares. Bank Of America Corporation De has invested 0% of its portfolio in Neenah Paper, Inc. (NYSE:NP). Orrstown Fincl Services has 0.02% invested in the company for 260 shares. Fifth Third Bank & Trust has 0% invested in the company for 8,099 shares. Guggenheim Capital Ltd accumulated 16,794 shares or 0% of the stock. Nordea Invest Management accumulated 28,000 shares or 0.01% of the stock. Cadence Mgmt Ltd Liability Corporation last reported 0.07% of its portfolio in the stock. Art Advisors Ltd Liability has invested 0.03% of its portfolio in Neenah Paper, Inc. (NYSE:NP). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 365 shares in the company. Tfs Cap Limited Liability holds 0.04% or 3,031 shares in its portfolio. M&T Fincl Bank owns 13,633 shares or 0.01% of their US portfolio. Price T Rowe Associate Md last reported 0% of its portfolio in the stock. Cs Mckee L P has 17,950 shares for 0.06% of their US portfolio. First Manhattan has invested 0.06% of its portfolio in Neenah Paper, Inc. (NYSE:NP). Mutual Of America Capital Mgmt Limited Company, a New York-based fund reported 725 shares.

Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 16 insider sales for $2.86 million net activity. Brownlee Larry Newton had sold 368 shares worth $29,646. $26,740 worth of Neenah Paper, Inc. (NYSE:NP) shares were sold by Piedmonte James R. Schertell Julie sold 700 shares worth $47,131. Another trade for 1,493 shares valued at $106,137 was made by Lucas Timothy S on Tuesday, June 7. $87,080 worth of Neenah Paper, Inc. (NYSE:NP) was sold by Lind Bonnie Cruickshank on Friday, June 3. On Thursday, May 26 the insider Heinrichs Steven S sold $536,734.

Another recent and important Neenah Paper, Inc. (NYSE:NP) news was published by Nasdaq.com which published an article titled: “Ex-Dividend Reminder: PPG Industries, Olin and Neenah Paper” on November 04, 2016.

NP Company Profile

Neenah Paper, Inc., incorporated on April 22, 2004, has two principal operations, technical products business, and fine paper and packaging business. The Company’s divisions consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty). The fine paper and packaging business is a supplier of printing and other specialty papers (Graphic Imaging), premium packaging (Packaging) and specialty office papers (Filing/Office) in North America. The Company’s technical products manufacturing facilities are located in Munising, Michigan; Pittsfield, Massachusetts; Bolton, England, and Munich, Germany. The Company’s fine paper and packaging manufacturing facilities are located in Appleton, Neenah and Whiting, Wisconsin, and Canton, Ohio.

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