Schweitzer-Mauduit International, Inc. (SWM), the dividend-paying company that I brought to the attention of my dear readers in June, has recently published its Q2 results, and I am pleased to conclude that the dividend investment thesis I formulated is, by all means, relevant. On August 5, SWM declared the quarterly dividend of $0.44 per share, unchanged vs. the previous quarter, but lack of dividend growth is of secondary importance here. The essential fact here is that SWM had not suspended the rewards because the company’s liquidity is ample despite the turbulent period