Neenah Paper, Inc. announced that its board of directors declared a regular quarterly cash dividend of $0.37 per share on the company's common stock. The dividend will be payable on March 2, 2017 to stockholders of record as of close of business on February 17, 2017. The new dividend rate of $0.37 per share, previously announced on November 18, 2016, represents an increase of 12% compared to the prior dividend rate of $0.33 per share.