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

Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, December 17th will be paid a dividend of $0.62 per share by the industrial products company on Friday, January 1st. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, December 17th.

Greif has a dividend payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Greif to earn $4.80 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 51.7%.

Greif Price Performance

Shares of NYSE:GEF opened at $81.47 on Wednesday. The firm has a 50 day moving average of $82.44 and a 200-day moving average of $74.64. Greif has a 12 month low of $55.90 and a 12 month high of $90.57. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.76 billion, a PE ratio of 25.54, a PEG ratio of 0.63 and a beta of 0.79.

Greif (NYSE:GEF) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.29). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. On average, equities research analysts predict that Greif will post 4.32 EPS for the current fiscal year.

About Greif

Greif, Inc is a global producer of industrial and paper packaging products and related services. The company manufactures and supplies fiber, steel and plastic drums; intermediate bulk containers; containerboard; corrugated sheets and products; and other packaging solutions for customers in a range of industries.

Greif also provides packaging lifecycle services, including container reconditioning, recycling, logistics and related customer support. Its products are used to package and transport food and beverage ingredients, chemicals, petroleum products, agricultural materials, pharmaceuticals and other industrial goods.

Founded in 1877 as a cooperage business, Greif has expanded into a multinational packaging company serving customers across North America, Europe and other international markets.