Glatfelter Increases Dividend by 3.8% to $0.135 per Common Share

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Rhea-AI Summary

The board of directors of Glatfelter (NYSE: GLT) declared a $0.135 per share cash dividend on its outstanding common stock, marking a 3.8% increase from the previous quarter. This dividend is payable on August 1, 2020, to shareholders of record as of the close of business on July 3, 2020. Glatfelter is a global supplier of engineered materials, with annual net sales of approximately $925 million and operations in over 100 countries. The company is transitioning its headquarters from York, PA to Charlotte, NC.

Positive

Dividend increased by 3.8% to $0.135 per share, enhancing shareholder income.
Annual net sales of approximately $925 million indicate strong revenue generation.

Negative

None.

News Market Reaction – GLT

+5.30%

1 alert

+5.30% News Effect

On the day this news was published, GLT gained 5.30%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

05/07/2020 - 04:10 PM

YORK, Pa., May 07, 2020 (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 August 1, 2020, to all shareholders of record as of the close of business on July 3, 2020.

The new dividend amount represents a 3.8% increase compared to the prior quarterly amount.

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 York, PA and transitioning to new headquarters in Charlotte, NC, the Company’s annual net sales approximate $925 million with customers in over 100 countries and approximately 2,600 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.