Glatfelter Declares Dividend of $0.135 per Common Share

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Rhea-AI Summary

Glatfelter (NYSE: GLT) declared a cash dividend of $0.135 per share on its common stock, payable on May 3, 2021, to shareholders of record by April 1, 2021. The company, headquartered in Charlotte, NC, reported annual net sales of approximately $916 million, serving customers in over 100 countries with around 2,415 employees. Glatfelter specializes in engineered materials for various applications, including filtration and packaging.

Positive

Declared a cash dividend of $0.135 per share
Dividend payment date set for May 3, 2021
Stable annual net sales of approximately $916 million

Negative

None.

News Market Reaction 1 Alert

-4.05% News Effect

On the day this news was published, GLT declined 4.05%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

02/18/2021 - 09:50 AM

CHARLOTTE, N.C., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT), today announced that its board of directors declared a $0.135 per share cash dividend on its outstanding common stock. The dividend is payable on May 3, 2021, to all shareholders of record as of the close of business on April 1, 2021.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative, and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene, and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annual net sales approximate $916 million with customers in over 100 countries and approximately 2,415 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com.