Glatfelter (GLT) will raise its quarterly dividend by 9.1 percent from $0.11 to $0.12 per share in 2015. This marks the third consecutive year of dividend increases by the company and follows a 10.0 percent dividend hike last year.

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The company’s products include single-serve tea and coffee filtration papers, non-woven wall covering materials, airlaid non-woven fabric-like materials used in feminine hygiene and adult incontinence products and wipes and papers for envelopes, book publishing and high-speed ink jet printing, greeting cards, packaging, playing card, postal, food and beverage applications. The company has paid a dividend to shareholders every year since at least 1987.