P H Glatfelter Co (GLT) Plans $0.13 Quarterly Dividend

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.

P H Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. P H Glatfelter had a net margin of 0.50% and a return on equity of 7.48%. The business had revenue of $399.92 million during the quarter, compared to the consensus estimate of $392.23 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts forecast that P H Glatfelter will post 1.34 EPS for the current year.

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.

WARNING: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://stocknewstimes.com/2018/02/22/p-h-glatfelter-co-glt-plans-0-13-quarterly-dividend.html.

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)

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.

Latest News

Leave a Reply