P H Glatfelter Co (NYSE:GLT) to Issue $0.13 Quarterly Dividend

P H Glatfelter Co (NYSE:GLT) declared a quarterly dividend on Thursday, December 14th, RTT News reports. Shareholders of record on Wednesday, January 3rd will be paid a dividend of 0.13 per share by the basic materials company on Thursday, February 1st. This represents a $0.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, January 2nd.

P H Glatfelter has increased its dividend by an average of 6.2% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. P H Glatfelter has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect P H Glatfelter to earn $1.37 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 38.0%.

Shares of P H Glatfelter (NYSE:GLT) opened at $23.05 on Friday. P H Glatfelter has a fifty-two week low of $16.53 and a fifty-two week high of $25.59. The stock has a market cap of $956.28, a PE ratio of 768.33, a PEG ratio of 3.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 0.94.

P H Glatfelter (NYSE:GLT) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. P H Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.74 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts predict that P H Glatfelter will post 1.13 EPS for the current year.

In other P H Glatfelter news, EVP John P. Jacunski sold 6,674 shares of P H Glatfelter stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $20.85, for a total transaction of $139,152.90. Following the transaction, the executive vice president now directly owns 57,464 shares of the company’s stock, valued at $1,198,124.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

A number of equities research analysts recently weighed in on GLT shares. TheStreet raised shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Zacks Investment Research downgraded shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.38.

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P H Glatfelter Company Profile

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

Dividend History for P H Glatfelter (NYSE:GLT)

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