Glatfelter (GLT) will raise its quarterly dividend by 4.2 percent to $0.125 per share in 2016. This follows a 9.1 percent dividend hike by the company in the previous year. Glatfelter has now hiked its dividend 4 consecutive years.

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.