Glatfelter Corporation Declares Dividend of $0.14 per Common Share

Rhea-AI Summary

Glatfelter Corporation (NYSE: GLT) has declared a cash dividend of $0.14 per share on its common stock. This dividend is set to be paid on August 1, 2022, to shareholders on record as of July 1, 2022. In 2021, Glatfelter reported net sales of $1.1 billion and employs approximately 3,250 individuals worldwide. The company is a leading global supplier of engineered materials, focusing on sustainable and innovative solutions used across various industries, including personal care and medical applications.

Positive

• Declared a cash dividend of $0.14 per share, enhancing shareholder returns.
• Net sales of $1.1 billion in 2021 indicate strong revenue performance.
• Focus on sustainability and innovation might attract environmentally-conscious investors.

Negative

• None.

CHARLOTTE, N.C., May 05, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) today announced that its Board of Directors declared a $0.14 per share cash dividend on its outstanding common stock. The dividend is payable on August 1, 2022, to all shareholders of record as of the close of business on July 1, 2022.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company’s high quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life^®. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s 2021 net sales were $1.1 billion with approximately 3,250 employees worldwide. Glatfelter’s operations utilize a variety of manufacturing technologies including airlaid, wetlaid and spunlace with sixteen manufacturing sites located in the United States, Canada, Germany, the United Kingdom, France, Spain, and the Philippines. The Company has sales offices in all major geographies serving customers under the Glatfelter and Sontara^® brands. Additional information about Glatfelter may be found at www.glatfelter.com.

Contacts:
Investors:	Media:
Ramesh Shettigar (717) 225-2746	Eileen L. Beck (717) 225-2793

FAQ

What is the dividend amount for Glatfelter (GLT)?

Glatfelter has declared a cash dividend of $0.14 per share.

When will Glatfelter's dividend be paid?

The dividend will be payable on August 1, 2022.

What is the record date for Glatfelter's dividend?

The record date for the dividend is July 1, 2022.

How much were Glatfelter's net sales in 2021?

Glatfelter's net sales in 2021 were $1.1 billion.

How many employees does Glatfelter have?

Glatfelter employs approximately 3,250 individuals worldwide.