P H Glatfelter Co (NYSE:GLT) announced a quarterly dividend on Friday, February 24th. Shareholders of record on Monday, April 3rd will be paid a dividend of 0.13 per share by the basic materials company on Monday, May 1st. This represents a $0.52 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, March 30th. This is an increase from P H Glatfelter’s previous quarterly dividend of $0.13.
P H Glatfelter has decreased its dividend payment by an average of 1.3% annually over the last three years and has increased its dividend every year for the last 4 years. P H Glatfelter has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect P H Glatfelter to earn $1.84 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 28.3%.
Shares of P H Glatfelter (NYSE:GLT) remained flat at $20.50 during midday trading on Friday. The company had a trading volume of 103,355 shares. The firm’s 50-day moving average price is $21.25 and its 200-day moving average price is $22.43. The stock has a market cap of $892.94 million, a price-to-earnings ratio of 41.84 and a beta of 1.33. P H Glatfelter has a one year low of $17.50 and a one year high of $25.59.
P H Glatfelter (NYSE:GLT) last released its earnings results on Tuesday, February 7th. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.02. P H Glatfelter had a return on equity of 8.85% and a net margin of 1.34%. The business had revenue of $390.90 million for the quarter, compared to the consensus estimate of $398.62 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts predict that P H Glatfelter will post $1.45 earnings per share for the current year.
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Several research firms have recently weighed in on GLT. TheStreet downgraded P H Glatfelter from a “b-” rating to a “c” rating in a research report on Tuesday, February 7th. Zacks Investment Research lowered P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. P H Glatfelter has an average rating of “Hold” and an average target price of $25.00.
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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