Glatfelter (GLT) Declares $0.12 Quarterly Dividend; 2% Yield
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Glatfelter Declares Dividend of $0.12 on Common Stock
May 7, 2015 2:57 PM EDTYORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) announced today that its Board of Directors declared a $0.12 per share cash dividend on its outstanding common stock. The dividend is payable on August 3, 2015 to shareholders of record as of the close of business on July 2, 2015.... More
Glatfelter Reports First Quarter 2015 Earnings
May 5, 2015 8:19 AM EDTYORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) today reported first-quarter 2015 net income of $13.9 million, or $0.32 per diluted share, and adjusted earnings of $13.4 million, or $0.30 per diluted share. For the first quarter of 2014, net income was $14.6 million, or $0.33 per diluted share, and adjusted earnings were $14.1 million or $0.32 per diluted share.
Consolidated net sales totaled $417.5 million in the first quarter of 2015 compared with $455.7 million in the first quarter of 2014. Currency translation adjustments unfavorably impacted the year-over-year comparison by $28 million reflecting a significantly stronger U.S. dollar.
The first quarter of 2015 began with a number of... More
