Glatfelter Increases Dividend by 3.8% to $0.135 per Common Share

YORK, Pa., May 07, 2020 (GLOBE NEWSWIRE) -- Glatfelter GLT, today announced that its board of directors declared a $0.135 per share cash dividend on its outstanding common stock. The dividend is payable on August 1, 2020, to all shareholders of record as of the close of business on July 3, 2020.

The new dividend amount represents a 3.8% increase compared to the prior quarterly amount.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials. The Company's high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in York, PA and transitioning to new headquarters in Charlotte, NC, the Company's annual net sales approximate $925 million with customers in over 100 countries and approximately 2,600 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com.