Neenah Stock To Go Ex-dividend Tomorrow (NP)

NEW YORK ( TheStreet) -- The ex-dividend date for Neenah Paper (NYSE: NP) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $27.89 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Neenah has been 138,900 shares per day over the past 30 days. Neenah has a market cap of $435.4 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 25.5% year to date as of the close of trading on Monday.

Neenah Paper, Inc., together with its subsidiaries, engages in the production of technical products and fine papers worldwide. The company has a P/E ratio of 15.1, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Neenah as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Neenah Ratings Report.

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