EX-Dividend Schedule: P.H. Glatfelter Has a Dividend Yield of 2.44%; Will Trade Ex-Dividend on January 02, 2018
LONDON, UK / ACCESSWIRE / December 29, 2017 / Active-Investors has a free review on P.H. Glatfelter Co. (NYSE: GLT) (''Glatfelter'') following the Company's announcement that it will begin trading ex-dividend on January 02, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend and holiday) that is by latest at the end of the trading session on December 29, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GLT: www.active-investors.com/registration-sg/?symbol=GLT.
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Dividend Declared
On December 15, 2017, Glatfelter announced that its Board of Directors declared a $0.13 per share cash dividend on its outstanding common stock. The dividend is payable on February 01, 2018, to shareholders of record as of the close of business on January 03, 2018.
Glatfelter's indicated dividend represents a yield of 2.44%, which is substantially above the average dividend yield of 1.59% for the Consumer Goods sector. The Company has raised dividend for four years in a row.
Dividend Insights
Glatfelter has a dividend payout ratio of 46.0%, which means that the Company spends approximately $0.46 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Glatfelter is forecasted to report earnings of $1.46 per share for the next year, which is more than double compared to the Company's annualized dividend of $0.52 per share.
Glatfelter's cash and cash equivalents totaled $84.3 million as of September 30, 2017, and net debt was $385.9 million, compared to cash of 455.44 million and debt of $317.2 million at the end of 2016. For the nine months ended September 30, 2017, the Company's cash provided by operating activities totaled $52.80 million compared to $59.44 million for the year ago same period. Adjusted free cash flow for the first nine months of 2017 was $(3.9) million compared to $11.8 million in 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About P.H. Glatfelter Co.
Glatfelter is a global supplier of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Headquartered in York, Pennsylvania, the Company employs approximately 4,200 people and serves customers in over 100 countries. US 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 are approximately $1.6 billion annually.
Stock Performance Snapshot
December 28, 2017 - At Thursday's closing bell, Glatfelter's stock slightly fell 0.05%, ending the trading session at $21.49.
Volume traded for the day: 71.90 thousand shares.
Stock performance in the last month - up 5.29%; previous three-month period - up 9.81%; and past six-month period - up 9.59%
After yesterday's close, Glatfelter's market cap was at $934.81 million.
Price to Earnings (P/E) ratio was at 671.56.
The stock has a dividend yield of 2.42%.
The stock is part of the Consumer Goods sector, categorized under the Paper & Paper Products industry. This sector was flat at the end of the session.
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