Glatfelter announced that its board of directors declared a USD 0.13 per share cash dividend on its outstanding common stock. The dividend is payable on August 1, 2017, to shareholders of record as of the close of business on July 3, 2017.
In 1Q2017 Glatfelter reported 2.8% decrease of net sales and 16.9% decrease of income before income taxes in 1Q2017 y-o-y.
The company is a global manufacturer of specialty papers and fiber-based engineered materials, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH. Its international operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines. It also has sales and distribution offices in Russia and China. Glatfelter’s sales approximate USD 1.7 billion annually.