Greif, Inc. (NYSE:GEF) to Issue Quarterly Dividend of $0.62

Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Tuesday, August 25th. Shareholders of record on Thursday, September 17th will be given a dividend of 0.62 per share by the industrial products company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 17th.

Greif has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Greif has a payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Greif to earn $4.65 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 53.3%.

Greif Price Performance

Greif stock opened at $84.56 on Wednesday. Greif has a 52-week low of $55.75 and a 52-week high of $90.57. The firm has a fifty day moving average of $79.45 and a 200-day moving average of $72.08. The firm has a market capitalization of $3.90 billion, a P/E ratio of 26.51, a PEG ratio of 0.76 and a beta of 0.75. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23.

Greif (NYSE:GEF) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.50. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. As a group, analysts predict that Greif will post 4.3 EPS for the current year.

Greif Company Profile

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.