Schweitzer-Mauduit International (SWM) will raise its quarterly dividend to $0.42 per share. 

The dividend will be payable on December 23, 2016 to stockholders of record as of November 25, 2016.

Frederic Villoutreix, Chairman of the Board and Chief Executive Officer, commented, “We also announced a 5% increase to our quarterly dividend, which we view as an important driver of shareholder value and a critical component of our balanced capital allocation strategy."

Schweitzer-Mauduit International, a producer of specialty papers and resin-based products, will have a new dividend yield of 4.2% based on a $39.55 stock price.

Schweitzer-Mauduit International, Inc. (SWM) is a diversified producer of engineered papers, films, nets, and non-wovens for a variety of applications and industries. The Engineered Papers segment is primarily focused on supplying major cigarette manufacturers with a variety of specialty papers.  Its Advanced Materials & Structures segment produces resin-based plastic netting through an extrusion process, as well as certain meltblown products, machined plastic core tubes, urethane films, and resin-based rolled products.