WASHINGTON (dpa-AFX) - Schweitzer-Mauduit International (SWM) posted fourth-quarter net income of $47.6 million or $2.84 per share, compared to $13.7 million or $0.75 per share in the previous year quarter. Adjusted net income per share for the quarter was $2.79, up from $1.06 in the comparable quarter last year. On average, three analysts polled by Thomson Reuters expected the company to earn $1.86 per share. Analysts' estimates typically exclude special items. Net sales for the quarter rose 19.3 percent to $218.1 million from $182.8 million in the year-ago period, while three analysts had consensus revenue estimate of $219.97 million for the quarter. Further, SWM announced a quarterly common stock dividend of $0.15 per share, payable on March 22, 2012 to stockholders of record on February 23, 2012.
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