Greif Bros. (NYSE:GEF.B) Sees Large Volume Increase – Here’s Why

Greif Bros. Corporation (NYSE:GEF.B) saw unusually-strong trading volume on Monday . Approximately 16,197 shares were traded during trading, an increase of 39% from the previous session’s volume of 11,626 shares.The stock last traded at $66.43 and had previously closed at $65.03.

Greif Bros. Stock Performance

The firm’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $64.90. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 20.69 and a beta of 0.87. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.41 and a quick ratio of 1.18.

Greif Bros. (NYSE:GEF.B) last issued its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter. Greif Bros. had a net margin of 3.52% and a return on equity of 10.09%. The business had revenue of $1.13 billion during the quarter.

Greif Bros. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.84 per share. This is a positive change from Greif Bros.’s previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 16th. Greif Bros.’s dividend payout ratio is presently 92.82%.

Greif Bros. Company Profile

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.