LONDON, UK / ACCESSWIRE / October 6, 2017 / Pro-Trader Daily takes a closer look at P. H. Glatfelter Co. (NYSE: GLT) as the Company’s stock will begin trading ex-dividend on October 10, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 09, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:
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On September 28, 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 November 1, 2017, to shareholders of record as of the close of business on October 11, 2017.
Glatfelter’s indicated dividend represents a yield of 2.65%, substantially above the average dividend yield for the Consumer Goods sector of 1.77%. The Company has raised dividend for four consecutive years.
Glatfelter has a dividend payout ratio of 45.2%, which means that the Company distributes approximately $0.45 for 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 $1.50 for the next year, which should comfortably cover the Company’s annualized dividend of $0.52 per share.
Glatfelter’s cash and cash equivalents totaled $69.44 million as of June 30, 2017, compared to $55.44 million as of December 31, 2016. For the six months ended June 30, 2017, Glatfelter recorded cash flow provided by operating activities of $28.76 million compared to $36.64 million for the year-ago same period. 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.
On August 01, 2017, Glatfelter reported consolidated net sales of $387.3 million for the three months ended June 30, 2017, compared to for the three months ended June 30, 2016.
Glatfelter reported a net loss of $5.7 million, or $0.13 per share, for Q2 2017 compared to net income of $2.0 million, or $0.04 per diluted share, in Q2 2016. On an adjusted earnings basis, the Company reported loss for the reported quarter was $2.6 million, or $0.06 per share, compared to adjusted earnings of $2.8 million, or $0.06 per diluted share, for the year-ago same period.
Glatfelter is a global supplier of specialty papers and engineered materials, offering innovation, world-class service and has 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.
On Thursday, October 05, 2017, the stock closed the trading session flat at $19.27. A total volume of 97.54 thousand shares have exchanged hands. P. H. Glatfelter’s stock price rallied 11.19% in the last one month. The stock is trading at a PE ratio of 94.93 and has a dividend yield of 2.70%. The stock currently has a market cap of $844.99 million.
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