5 High-Yield But Safe Dividend Stocks to Buy Now

4. Glatfelter Corporation (NYSE:GLT)

Dividend Yield as of July 22: 9.00%

Glatfelter Corporation (NYSE:GLT) is a North Carolina-based manufacturing company that specializes in food and beverage applications, personal hygiene, and packaging products.

In the first quarter of 2022, Glatfelter Corporation (NYSE:GLT) generated $78.5 million in free cash flow, up tremendously from $11.4 million recorded during the same period last year. The company’s total assets came in at over $1.74 billion. Glatfelter Corporation (NYSE:GLT) has been paying dividends for a considerable period of time and raised its dividends consecutively in the last two years. It currently offers a dividend of $0.14 per share every quarter, with a dividend yield of 9.00%, as of July 22.

At the end of Q1 2022, 10 hedge funds in Insider Monkey’s database owned stakes in Glatfelter Corporation (NYSE:GLT), up from 7 in the previous quarter. The collective value of these stakes is over $50 million.