Greif, Inc. Announces Quarterly Dividend of $0.56 (NYSE:GEF)

Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Thursday, December 18th will be paid a dividend of 0.56 per share by the industrial products company on Thursday, January 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, December 18th.

Greif has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 4 years. Greif has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Greif to earn $5.22 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 42.9%.

Greif Stock Performance

GEF opened at $64.80 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.41. Greif has a 52-week low of $48.23 and a 52-week high of $70.47. The firm has a market cap of $3.08 billion, a P/E ratio of 20.57 and a beta of 0.95. The business’s fifty day moving average is $60.73 and its 200-day moving average is $62.74.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.