P H Glatfelter Co Declares Quarterly Dividend of $0.13 (GLT)

P H Glatfelter Co (NYSE:GLT) announced a quarterly dividend on Friday, May 10th, RTT News reports. Shareholders of record on Wednesday, July 3rd will be paid a dividend of 0.13 per share by the basic materials company on Thursday, August 1st. This represents a $0.52 annualized dividend and a yield of 3.37%.

P H Glatfelter has increased its dividend payment by an average of 3.4% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. P H Glatfelter has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect P H Glatfelter to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 50.0%.

NYSE:GLT traded down $0.21 during trading hours on Friday, hitting $15.43. The stock had a trading volume of 643 shares, compared to its average volume of 292,191. P H Glatfelter has a one year low of $9.28 and a one year high of $20.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.11 and a current ratio of 1.94. The company has a market capitalization of $689.07 million, a PE ratio of 73.38, a PEG ratio of 4.38 and a beta of 1.79.



P H Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. P H Glatfelter had a negative net margin of 16.56% and a positive return on equity of 0.71%. The firm had revenue of $229.10 million during the quarter, compared to the consensus estimate of $241.84 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that P H Glatfelter will post 0.72 earnings per share for the current year.

In related news, VP Christopher W. Astley sold 7,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $15.11, for a total transaction of $105,770.00. Following the completion of the transaction, the vice president now owns 18,750 shares in the company, valued at $283,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.06% of the company’s stock.

GLT has been the subject of several research reports. ValuEngine downgraded shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BMO Capital Markets lowered their price objective on shares of P H Glatfelter from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of P H Glatfelter from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. P H Glatfelter has a consensus rating of “Buy” and a consensus price target of $19.50.

TRADEMARK VIOLATION NOTICE: “P H Glatfelter Co Declares Quarterly Dividend of $0.13 (GLT)” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://dakotafinancialnews.com/2019/05/10/p-h-glatfelter-co-declares-quarterly-dividend-of-0-13-glt.html.

About P H Glatfelter

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.

See Also: What is a Tariff?

Dividend History for P H Glatfelter (NYSE:GLT)

Receive News & Ratings for P H Glatfelter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P H Glatfelter and related companies with MarketBeat.com's FREE daily email newsletter.