Glatfelter Corporation Declares Dividend of $0.14 per Common Share

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(Low)

Rhea-AI Sentiment

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Rhea-AI Summary

Glatfelter Corporation (NYSE: GLT) announced a cash dividend of $0.14 per share on its common stock, payable on February 1, 2022. The dividend will benefit all shareholders of record as of January 3, 2022. With annualized net sales of approximately $1.4 billion, Glatfelter is known for its innovative, technology-driven nonwoven solutions for various industries, including personal care, food filtration, and packaging. Headquartered in Charlotte, NC, the company operates 16 manufacturing sites across multiple countries.

Positive

Declaration of a $0.14 per share cash dividend.
Dividend supports shareholder income.
Strong annualized net sales of approximately $1.4 billion.

Negative

None.

News Market Reaction 1 Alert

-0.30% News Effect

On the day this news was published, GLT declined 0.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

12/17/2021 - 08:58 AM

CHARLOTTE, N.C., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) today announced that its Board of Directors declared a $0.14 per share cash dividend on its outstanding common stock. The dividend is payable on February 1, 2022, to all shareholders of record as of the close of business on January 3, 2022.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company’s high quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life®. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $1.4 billion with over 3,300 employees worldwide. Glatfelter’s operations utilize a variety of manufacturing technologies including airlaid, wetlaid and spunlace with sixteen manufacturing sites located in the United States, Canada, Germany, the United Kingdom, France, Spain, and the Philippines. The Company has sales offices in all major geographies serving customers under the Glatfelter and Sontara brands. Additional information about Glatfelter may be found at www.glatfelter.com.