YORK, Pa.--(BUSINESS WIRE)--Glatfelter (NYSE: GLT) today announced that its board of directors increased its quarterly dividend to $0.125 per share on its outstanding common stock. The dividend is payable on May 2, 2016 to shareholders of record as of the close of business on April 1, 2016.
The new dividend rate of $0.125 per share represents a 4% increase compared to the prior rate and is the fourth consecutive annual increase.
Glatfelter is a global supplier of specialty papers and fiber-based engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Headquartered in York, PA, the company serves customers in over 100 countries. U.S. operations include facilities in Pennsylvania and Ohio. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, and sales and distribution offices in China and Russia. Glatfelter’s sales approximate $1.7 billion annually and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Additional information may be found at www.glatfelter.com.