Glatfelter Increases Dividend by 10%
York, PA, February 26, 2014: Glatfelter (NYSE: GLT) today announced that its board of directors increased its quarterly dividend to $0.11 per share on its outstanding common stock. The dividend is payable on May 1, 2014 to shareholders of record as of the close of business on April 3, 2014.
“Today’s action reflects Glatfelter’s solid financial position and expectations for the continued generation of strong and sustainable free cash flow,” said Dante C. Parrini, chairman and chief executive officer. “This increase in our dividend, the second in the past twelve months, further demonstrates our commitment to maintaining a competitive dividend and returning value to our shareholders.”
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, PA, the Company employs approximately 4,200 people and 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 $1.6 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.
Corporate Headquarters (York, PA)