Greif, Inc. (NYSE:GEF-B) to Issue $0.54 Quarterly Dividend

Greif, Inc. (NYSE:GEF-B) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.54 per share on Wednesday, January 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.85%.

Greif has increased its dividend payment by an average of 5.1% annually over the last three years. Greif has a dividend payout ratio of 67.1% indicating that its dividend is sufficiently covered by earnings.

Greif Stock Down 1.0 %

GEF-B traded down $0.77 on Tuesday, hitting $75.79. 3,922 shares of the company’s stock were exchanged. The company’s fifty day simple moving average is $70.50 and its two-hundred day simple moving average is $66.99.

About Greif

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.