Glatfelter (GLT) Announces Quarterly Dividend of $0.10
Glatfelter (NYSE:GLT) declared a quarterly dividend on Tuesday, September 17th, American Banking and Market News reports. Investors of record on Friday, October 4th will be given a dividend of $0.10 per share on Friday, November 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%.
A number of analysts have recently weighed in on GLT shares. Analysts at Zacks upgraded shares of Glatfelter (NYSE:GLT) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 2nd. They now have a $30.00 price target on the stock. On a related note, analysts at Deutsche Bank downgraded shares of Glatfelter (NYSE:GLT) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 9th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call.
Shares of Glatfelter (NYSE:GLT) traded down 0.87% during mid-day trading on Tuesday, hitting $26.19. 447,115 shares of the company’s stock traded hands. Glatfelter has a 1-year low of $15.31 and a 1-year high of $28.21. The stock has a 50-day moving average of $26.53 and a 200-day moving average of $24.72. The company has a market cap of $1.128 billion and a P/E ratio of 26.42.
Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $425.20 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts predict that Glatfelter will post $1.64 earnings per share for the current fiscal year.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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