Neenah Paper, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share on the company's common stock. The dividend is payable on March 2, 2012 to stockholders of record as of close of business on February 10, 2012. The company announced in November 2011, it was increasing its quarterly dividend effective in 2012 from $0.11 to $0.12 per share.