Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.42 per share by the industrial products company on Sunday, April 1st. This represents a $1.68 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, March 16th.
Greif has a dividend payout ratio of 49.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Greif to earn $3.81 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 44.1%.
Greif stock traded down $0.45 during midday trading on Friday, reaching $54.25. The stock had a trading volume of 284,913 shares, compared to its average volume of 227,164. The firm has a market cap of $2,580.87, a PE ratio of 18.39, a P/E/G ratio of 1.85 and a beta of 1.21. Greif has a 1-year low of $47.97 and a 1-year high of $65.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.12 and a current ratio of 1.65.
A number of research firms have recently weighed in on GEF. KeyCorp reiterated a “sell” rating and set a $47.00 target price on shares of Greif in a research report on Tuesday, February 20th. BMO Capital Markets reissued a “hold” rating and set a $57.00 price target on shares of Greif in a report on Wednesday, December 13th. Bank of America cut Greif from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a report on Monday. Robert W. Baird reissued an “outperform” rating and set a $72.00 price target (up previously from $66.00) on shares of Greif in a report on Friday, December 8th. Finally, DA Davidson raised Greif from a “neutral” rating to a “buy” rating and set a $74.00 target price for the company in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Greif presently has a consensus rating of “Hold” and an average price target of $63.20.
COPYRIGHT VIOLATION NOTICE: “Greif, Inc. (GEF) Announces Quarterly Dividend of $0.42” was posted by BBNS and is owned by of BBNS. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://baseballnewssource.com/2018/04/06/greif-inc-gef-to-issue-quarterly-dividend-of-0-42-on-april-1st/2037676.html.
Greif Company Profile
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.