Greif (NYSE:GEF-B) Shares Up 1.8% – Here’s Why

Greif, Inc. (NYSE:GEF-B)’s share price shot up 1.8% on Monday . The stock traded as high as $58.89 and last traded at $58.89. 13,133 shares traded hands during mid-day trading, The stock had previously closed at $57.87.

Greif Trading Up 1.8 %

The stock’s 50-day simple moving average is $62.48 and its 200 day simple moving average is $67.23.

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.67%. Greif’s dividend payout ratio (DPR) is currently 67.08%.

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.