Glatfelter Increases Quarterly Dividend to $0.14 per Common Share

Glatfelter (NYSE: GLT) announced a $0.14 per share cash dividend, marking a 3.7% increase from the previous quarter.

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Rhea-AI Summary

Glatfelter (NYSE: GLT) announced a $0.14 per share cash dividend, marking a 3.7% increase from the previous quarter. The dividend will be payable on August 2, 2021, to shareholders recorded by the close of business on July 1, 2021. With annual net sales around $916 million, Glatfelter supplies engineered materials across various industries including personal hygiene and packaging, and operates eleven manufacturing facilities globally.

Positive

3.7% increase in dividend from previous quarter.
Annual net sales of approximately $916 million.
Wide customer base across over 100 countries.

Negative

None.

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News Market Reaction – GLT

The recorded move for GLT in the trading session of this news was +2.81%.

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05/06/2021 - 12:58 PM EDT

CHARLOTTE, N.C., May 06, 2021 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT) today announced that its Board of Directors declared a $0.14 per share cash dividend on its outstanding common stock. The new dividend amount represents a 3.7% increase compared to the prior quarterly amount. The dividend is payable on August 2, 2021, to all shareholders of record as of the close of business on July 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.

Contacts:
Investors:	Media:
Ramesh Shettigar	Eileen L. Beck
(717) 225-2746	(717) 225-2793
ramesh.shettigar@glatfelter.com	eileen.beck@glatfelter.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for Glatfelter (GLT)?

The new dividend amount for Glatfelter (GLT) is $0.14 per share.

When will the dividend for Glatfelter (GLT) be paid?

The dividend will be paid on August 2, 2021.

What is the increase percentage of Glatfelter's dividend?

The dividend has increased by 3.7% compared to the prior quarterly amount.

What is the record date for Glatfelter's dividend payment?

The record date for the dividend payment is July 1, 2021.

Glatfelter Increases Quarterly Dividend to $0.14 per Common Share