P H Glatfelter Co (NYSE:GLT) declared a quarterly dividend on Thursday, February 22nd, RTT News reports. Shareholders of record on Tuesday, April 3rd will be given a dividend of 0.13 per share by the basic materials company on Tuesday, May 1st. This represents a $0.52 annualized dividend and a yield of 2.51%.
P H Glatfelter has increased its dividend payment by an average of 6.2% per year over the last three years and has increased its dividend every year for the last 5 years. P H Glatfelter has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect P H Glatfelter to earn $1.61 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 32.3%.
P H Glatfelter (GLT) traded down $0.05 during midday trading on Thursday, reaching $20.74. 72,384 shares of the company’s stock traded hands, compared to its average volume of 178,115. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. P H Glatfelter has a fifty-two week low of $16.53 and a fifty-two week high of $23.85. The stock has a market capitalization of $897.88, a price-to-earnings ratio of 122.00, a P/E/G ratio of 3.07 and a beta of 1.38.
Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of P H Glatfelter from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, TheStreet upgraded shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. P H Glatfelter has an average rating of “Hold” and an average price target of $21.58.
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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.
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